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.

The new tariff directives, communicated via official letters to foreign leaders and shared on Trump's Truth Social platform, outline duty hikes of 30 per cent on Algeria, Iraq, and Libya; 25 per cent on Brunei and Moldova; and 20 per cent on the Philippines. The tariffs will take effect starting August 1.

For many countries, the reprieve from President Donald Trump’s eye-watering tariffs, which were implemented on April 2 and temporarily reduced to 10% a week later, is soon set to come to an end. The 90-day pause,