Trump Sends Tariff Letters to 8 More Countries, Brazil Faces 50% Tariff

U.S. President Trump successively published letters to the leaders of 8 countries on the social media platform "Truth Social" on July 9th local time regarding the imposition of tariffs, including: Brazil, the Philippines, Brunei, Moldova, Algeria, Iraq, Libya, and Sri Lanka. Among them, Trump stated that he would impose a 50% tariff on Brazil, Libya, Iraq, Algeria, and Sri Lanka would be subject to a 30% tariff, Brunei and Moldova would have a tax rate of 25%, and the Philippines would have a tax rate of 20%. The new tax rates will take effect on August 1st. Trump has sent tariff letters to 22 countries. [Odaily Planet Daily]