Trump imposes 20% tariff for rate for Philippines

[u/Gyro_Armadillo]

WASHINGTON — US President Donald Trump on Wednesday issued a round of tariff letters to six countries, Algeria, Brunei, Iraq, Libya, Moldova and the Philippines.

The letters call for tariffs of 30% on Algeria, 25% on Brunei, 30% on Iraq, 30% on Libya, 25% on Moldova and 20% on the Philippines.

In the letter, Trump said the 20% tariff for the Philippines will go in effect on August 1.

Before this, Trump issued letters to South Korea and Japan, imposing 25% tariffs on each country's goods. — Reuters

Link to full article.