The tariff letters have been released for the following additional countries:
- 30% for Libya
- 30% for Iraq
- 30% for Algeria
- 5% for Moldova
- 25% for Brunei
- 20% for Philippines. Goods transshipment to evade higher tariff will be subject to higher tariffs.
Prior to today:
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14 Countries Notified, including major allies:
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Japan & South Korea: 25% tariffs on all imports
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Other countries and rates:
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Myanmar & Laos: 40%
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Cambodia & Thailand: 36% (unchanged from last round)
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South Africa, Malaysia, Kazakhstan, Bangladesh, Indonesia, Tunisia, Serbia, Cambodia, Bosnia & Herzegovina: between 25% and 40%
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Upcoming Sector-Specific Tariffs flagged in the letters and other signals:
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Copper: 50% tariff announced
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Semiconductors & Pharmaceuticals: additional tariffs under review/directed
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This article was written by Greg Michalowski at www.forexlive.com.
