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. Read More Details
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