A Fresh Round of Economic Hostilities President Donald Trump, never one to shy away from brute-force economic maneuvering, has unleashed another barrage of tariff edicts—this time singling out seven additional nations for punitive import duties that will take effect August 1. In a spectacle more befitting a banana republic than a supposedly free-market democracy, Trump personally dispatched nearly identical letters to the leaders of the Philippines, Brunei, Moldova, Algeria, Iraq, Libya, and Sri Lanka, spelling out new levies ranging from 20% to 40%. A Spectacle of Tariff Announcements These letters, unveiled via the president’s favorite megaphone—Truth Social—mark the second wave of tariff threats in under a week. Just days earlier, Trump notified fourteen other countries that their exports, too, would…
Continue reading as a Citizen
Dedollarize News is free to read for signed-up members. Become a Citizen to finish this article, save what matters, and get the daily “While You Were Distracted” briefing.
No credit card required.
