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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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- 📢 #Gate Square Writing Contest Phase 1# is now officially launched!
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Essay Content Directio
- 🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
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📅 End at: July 9, 16:00 UTC
Show off your trading on Gate Squ
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Trump issues tariff letters to 8 countries, Brazil faces a 50% tariff.
[Trump Issues Tariff Letters to 8 Countries, Brazil Facing 50% Tariff] On July 9, local time, U.S. President Trump released letters regarding tariff increases to the leaders of 8 countries on the social media platform "Truth Social", including: Brazil, the Philippines, Brunei, Moldova, Algeria, Iraq, Libya, and Sri Lanka. Trump stated that a 50% tariff would be imposed on Brazil, while Libya, Iraq, Algeria, and Sri Lanka would face a 30% tariff, Brunei and Moldova would have a tax rate of 25%, and the Philippines a tax rate of 20%. The new tax rates will take effect from August 1. Trump has sent tariff letters to 22 countries.