Donald Trump has extended the implementation of his “Liberation Day” tariffs to August 1 while expanding the list of countries facing new duties. Seven additional nations — the Philippines, Moldova, Iraq, Algeria, Libya, Brunei, and Sri Lanka — were notified Wednesday of incoming tariffs ranging from 20% to 30%. These are in addition to existing tariffs on steel, aluminum, and other sectors.
In letters sent to each country, President Trump cited trade deficits as justification, calling them threats to the U.S. economy and national security. The letter to Brunei noted, “We have decided to move forward with you, but only with more balanced, and fair, TRADE.”
The tariff plan, announced April 2, was originally intended to finalize by July 9. The extension marks the second delay as only a few trade agreements—most notably with the United Kingdom, China, and Vietnam—have materialized. The Trump administration is aiming for 90 trade deals in 90 days.
Trump also announced a 10% tariff on BRICS countries, referring to the bloc as “anti-American,” signaling a broader escalation in his trade strategy.
Sources:
Washington Examiner – MBFC Rating
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