The tariff letters have been released for the following additional countries:
30% for Libya30% for Iraq30% for Algeria5% for Moldova25% for Brunei20% for Philippines. Goods transshipment to evade higher tariff will be subject to higher tariffs.Prior to today:
14 Countries Notified, including major allies:
Japan & South Korea: 25% tariffs on all imports
Other countries and rates:
Myanmar & Laos: 40%
Cambodia & Thailand: 36% (unchanged from last round)
South Africa, Malaysia, Kazakhstan, Bangladesh, Indonesia, Tunisia, Serbia, Cambodia, Bosnia & Herzegovina: between 25% and 40%
Upcoming Sector-Specific Tariffs flagged in the letters and other signals:
Copper: 50% tariff announced
Semiconductors & Pharmaceuticals: additional tariffs under review/directed
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about letters outlining new tariff levels was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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