United States President Donald Trump has issued a new round of tariff letters to eight countries, including Brazil, Sri Lanka, Algeria, Brunei, Iraq, Libya, Moldova and the Philippines.

The latest unilateral actions were 20 per cent tariffs on the Philippines, 25 per cent on Moldova and Brunei, and 30 per cent on Iraq, Algeria and Libya, effective August 1. These, the letters added, are separate from any sectoral tariffs that may be imposed later.

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Sri Lanka, Algeria, Iraq, Libya, Brunei, Moldova and Philippines. All now have been slapped with fresh US tariffs – some as high as 30%.

The highest tariffs among these countries have been levied on Algeria, Iraq and Libya, with the three nations being hit with import levies of 30%. On Brunei and Moldova, Trump has slapped a tariff of 25%, whereas the imports from Philippines will draw a levy of 20%.

Trump said trade talks have been going well with China and the European Union, which is the biggest bilateral trading partner of the US

Washington: US President Donald Trump on Wednesday announced new tariff measures targeting seven countries—Libya, Iraq, Algeria, Moldova, Brunei, Philippines and Sri Lanka. The updated tariff rates for each of these nations are scheduled to come into effect on August 1.