US President Donald Trump - Photo: REUTERS
On the evening of July 9 (Vietnam time), on the social network Truth Social, US President Donald Trump published letters announcing tariffs on 7 countries.
Specifically, the US will impose a 30% tax on Algeria, Iraq, Libya, Sri Lanka; 25% on Brunei, Moldova and 20% on the Philippines.
The tariffs will take effect on August 1 unless countries reach a trade deal with the United States.
Before announcing these 6 letters, on July 8, Mr. Trump "teased" that he would announce trade measures with at least 7 countries on July 9. Thus, it is expected that the US president will post more "tax letters" during the day.
List of new US tariffs imposed on 20 countries according to Mr. Trump's notification letter (left column), compared to the previously "threatened" levels - Photo: CNBC
The US stock market is closely watching tariff updates from President Trump.
According to CNBC, the S&P 500 index rose 0.3% on July 9, led by technology stocks. Meanwhile, the Nasdaq Composite rose 0.5%, while the Dow Jones rose 84 points, equivalent to 0.2%.
Nvidia shares rose 2%, becoming the first company to reach a market capitalization of $4 trillion. Other tech giants also rose, including Meta Platforms, Microsoft and Alphabet, reflecting renewed interest in the topic of artificial intelligence (AI).
The developments come as investors appear to be less concerned about tariffs this week.
"The market is ignoring these tariff threats and thinking there's still room for deals and negotiations. I think the delay to August 1, and sometimes the hint that it could be pushed back further, is an acknowledgement that the administration still wants to negotiate, and the market is betting on that possibility until proven otherwise," Baird investment strategist Ross Mayfield told CNBC.
The letter imposing tariffs on Brunei was posted by Mr. Trump on the social network Truth Social on July 9 - Screenshot
Like the first 14 letters he announced on July 7, the tariffs imposed on the six countries mentioned above are not much different from the reciprocal tariffs first announced in April.
The content of these letters is quite similar, citing the current trade relationship as "very lacking in reciprocity." The letters call on countries to produce in the US to avoid tariffs, while warning that Washington will escalate measures if countries retaliate.
In April, Mr. Trump announced that he would impose reciprocal tariffs on hundreds of economies , but then postponed the deadline for 90 days to negotiate. On July 7, the White House announced that it would postpone the deadline again until August 1.
In addition to tariffs on goods from various countries, since returning to the White House in January, Mr. Trump has also implemented separate import tariffs on steel, aluminum and cars.
On July 8, Mr. Trump announced that he would continue to impose a 50% tax on copper and consider imposing up to 200% on pharmaceuticals.
Tuoitre.vn
Source: https://tuoitre.vn/ong-trump-cong-bo-them-thu-ap-tax-tu-20-30-voi-6-nuoc-20250709230617099.htm
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