New Tariff Letters Released: As of 5 PM on July 9, 2025, Trump posted additional tariff letters on Truth Social for Brazil (50%), Algeria (25%), Iraq (30%), Libya (30%), Moldova (25%), Sri Lanka (30%) and the Philippines (20%). These are anticipated to go into effect on 1 August 2025. Brazil was hit hardest, facing a 40% percentage point increase compared to the original 10% tariff announced in April. Please find the latest on country tariffs below. New countries announced today are highlighted in yellow. We have noted where the new tariff is lower than the initial reciprocal tariff green and where higher in red.
Section 301 Investigation into Brazil: In Brazil's trade letter, Trump noted that he would be instructing US Trade Representative Jamieson Greer to initiate a Section 301 Investigation of Brazil citing "attacks on the digital trade activities of American companies" as well as other unfair trading practices. No further details were provided, but we will be monitoring to see if this is followed by an official announcement of a Section 301 Investigation. Section 301 allows USTR to investigate and take action against foreign countries that engage in unfair trade practices that burden or restrict US commerce.
