Sri Lanka Among 7 Nations Hit With Up To 30% Trump Tariffs

US President Donald Trump on Wednesday announced a new round of tariffs targeting several countries. The tariffs include 30% duties on imports from Algeria, Iraq, and Libya; 25% on goods from Brunei and Moldova; and 20% on imports from the Philippines.
This comes after the US President had said that more countries would receive formal tariff notices by noon and the following morning.
“We will be releasing a minimum of 7 countries having to do with trade, tomorrow morning, with an additional number of countries being released in the afternoon. Thank you for your attention to this matter!” Trump posted on his Truth Social account.
Just a day earlier, Trump had announced new plans to impose a 10% tariff on goods from the BRICS nations — Brazil, Russia, India, China, and South Africa.
The President had also revealed the 50% tariff on copper and suggested that tariffs on pharmaceutical goods could rise to 200% within a year, adding to the ongoing uncertainty in global markets.