Letters outlining new tariff levels go out. Small nations targetted. | Forexlive

The tariff letters have been released for the following additional countries:

• 30% for Libya
• 30% for Iraq
• 30% for Algeria
• 5% for Moldova. We have near 0% trade with this country.
• 25% for Brunei
• 20% for Philippines. Goods transshipment to evade higher tariff will be subject to higher tariffs.

Of the total trade, the countries today account for the following % of total trade:

• Philippines: 0.42%

• Algeria: 0.08%

• Libya: 0.04%

• Iraq: 0.01%

• Brunei: 0.002%

• Moldova: 0.001

The total trade with the Phillippines is $22.6B. The tariffs that will be collected would be $4.52B.

Prior to today:

• 14 Countries Notified, including major allies:

• Upcoming Sector-Specific Tariffs flagged in the letters and other signals:

Below is “the letter”. Of note, is

• The invitation to participate in the “Number One Market in the World”. Implying you have to pay to play.
• The adjustment is for a more balanced and fair Trade.
• The deficits are a “major threat to our Economy and indeed our National Security!”