
President Donald Trump has intensified his trade agenda, announcing tariff letters sent to seven nations—Sri Lanka, Algeria, Iraq, Libya, Philippines, Moldova, and Brunei—promising levies up to 30 per cent starting 1 August unless trade deals are secured.
In a Truth Social post, Trump declared on 9 July: 'TARIFFS WILL START BEING PAID ON AUGUST 1, 2025', emphasising no extensions.