The new tariff directives, communicated via official letters to foreign leaders and shared on Trump's Truth Social platform, outline duty hikes of 30 per cent on Algeria, Iraq, and Libya; 25 per cent on Brunei and Moldova; and 20 per cent on the Philippines. The tariffs will take effect starting August 1.

U.S. President Donald Trump on Wednesday issued a round of tariff letters to seven countries, including Algeria, Iraq, Libya, Sri Lanka and the Philippines.