The new tariff rates threatened in the letters Trump shared Wednesday are similar to those he announced on what the White House dubbed “Liberation Day” in early April.

President Trump posted letters to his Truth Social platform Wednesday outlining tariff levels for seven countries. Trump said he would levy 30% tariffs on Libya, Iraq, and Algeria, effective Aug. 1. Moldova and Brunei will get 25% tariffs,

US President Donald Trump released a fresh set of letters to trading partners on Wednesday, setting out tariff rates for six countries as Washington pushes to bring about a flurry of trade deals officials have promised.

Explore our tariff tracker to see the latest rates for Brazil and seven other nations impacted by Trump's new trade policies.

The Philippine economy is likely to be resilient to higher US levies but faces the risk of lower foreign investments amid the global uncertainty, according to S&P Global Ratings.

Semiconductors are the Philippines’ top export - a cornerstone of its services-driven economy. Former United States president Joe Biden's administration previously signaled plans to deepen preferential investment in the country’s semiconductor supply chains and workforce.

It shows that personal grudges rather than simple economics are a driving force in the U.S. leader’s use of tariffs.

The global tariffs announced by US President Donald Trump in April triggered “strong” investor interest in the Philippines, which was threatened with a lower levy than most neighbors, a top trade official said.