In a post on Truth Social, President Trump said these tariffs on Algeria will kick in from August 1 and will cover all goods imported from the country.

President Donald Trump threatened to double the baseline universal tariff to 20%, citing record stock gains to dispel fears that such a move would hammer the global economy. Even as financial markets barely budged on the news,

Trump also announced new blanket import tariffs effective Aug. 1 on goods from five more countries—Tunisia, Indonesia, Bangladesh, Serbia, and Bosnia. “Tunisia will face a 25% tariff on goods imported to the U.

Trump announced the United States would impose new tariffs on imports from several additional countries as part of his drive to reduce the trade deficit and promote fair trade.

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.

John Bolton is proposing a strategy to Algeria and the Polisario aimed at persuading former U.S. President Donald Trump to reverse his recognition of Moroccan sovereignty over Western Sahara, a decision officially made on December 10,

Economists at Wells Fargo recently sketched out a hypothetical scenario where the world is divided into three trading blocs led by the U.S., China, and the EU. Globalization began retreating before President Donald Trump shocked the world with his aggressive trade war earlier this year.

A nother deadline passed on Wednesday without President Donald Trump following through on his threats to impose new tariffs. It was 90 days ago that Trump had announced an abrupt pause in his plan to levy new tariffs on countries around the world.