Simple guide to Trump’s new tariffs on Brazil, Japan, Iraq, and others. Learn rates, deadlines, and impacts on prices and trade. Updated for July 2025.

President Donald Trump announced a 30% tariff rate for Iraq on Wednesday in a post on Truth Social, stating that the rate would apply to all goods sent from the country to the U.S. He added that goods transshipped to evade a higher tariff would be subject to that higher tariff.

US President Donald Trump on Wednesday announced a fresh round of tariffs targeting seven countries -- Algeria, Brunei, Iraq, Libya, Moldova, Sri Lanka and the Philippines. Trump took to his social media platform,

United States President Donald Trump has issued a new round of tariff letters to eight countries, including Brazil, Sri Lanka, Algeria, Brunei, Iraq, Libya, Moldova and the Philippines.

President Trump announced a 35% tariff on our northern neighbors of Canada, citing concerns over fentanyl entering the U.S. NBC News’ Monica Alba reports from the White House. CNBC’s Senior Analyst Ron Insana joins Alex Witt to discuss how much more the average American could be spending per year if these tariffs stay in place.

The move injects fresh turmoil into a strained bilateral relationship as Prime Minister Mark Carney negotiates a new economic partnership with the United States.