Trump issues tariff letters to 7 more trading partners as talks with EU continue

News Snapshot:

U.S. President Donald Trump issued final tariff notices to seven minor trading partners on Wednesday as his administration inched closer to a deal with its biggest trading partner, the European Union. Trump said in posts on his Truth Social media platform that starting Aug. 1, he would impose a 20 per cent tariff on goods from the Philippines, 30 per cent on goods from Sri Lanka, Algeria, Iraq and Libya, and 25 per cent on Brunei and Moldova. No letter was issued to the EU, but Trump had said late on Tuesday that he would issue "a minimum of seven"...