President Trump has threatened to hit more than a dozen nations with steep import duties by next month. Mr. Trump initially posted two nearly identical letters on Monday, addressed to Japanese Prime Minister Shigeru Ishiba and South Korean President Lee Jae-myung,

The US has imposed new tariffs on imports from seven countries, including the Philippines and Algeria, as part of Trump's drive to reduce the trade deficit and promote fair trade.

President Trump posted letters to his Truth Social platform Wednesday outlining tariff levels for seven countries. Trump said he would levy 30% tariffs on Libya, Iraq, and Algeria, effective Aug. 1. Moldova and Brunei will get 25% tariffs,