The President of the United States continues to send letters to various countries informing them of the tariffs he intends to apply to their products starting August 1st. This Wednesday it was the turn of Algeria, Libya, Iraq, Brunei, Moldova, and the Philippines - the first three are expected to face tariffs of 30%, in line with what had already been announced in April, although Iraq's tariffs have been reduced from the initial 39%.

Also on Donald Trump's list today are Brunei and Moldova, with 25%, and the Philippines with 20%, an increase from the previous 17%. These letters, which began this Monday, inform the countries that have not reached an agreement with the US about tariffs. This Wednesday was initially set as the deadline for negotiations, but the deadline has since been relaxed.

Trump has been sharing the letters he's sent on the social network Truth Social. These six join 14 others: Japan, South Korea, Malaysia, Kazakhstan, South Africa, Laos, Myanmar, Bosnia, Tunisia, Indonesia, Bangladesh, Serbia, Cambodia, and Thailand. So far, all of them range from 20% to 40%, indicating openness to adjustments"depending on the relationship with your country."

It is not yet known what the proposed tax for the European Union (EU) is, but Trump said the EU could be targeted with a unilateral tax soon, although negotiations are ongoing.

This Wednesday, the President of the European Commission said she was working closely with the United States to advance the process regarding the trade agreement, stating that the EU expects"good faith" in the negotiations but is prepared for all scenarios."Our position has been clear: we will be firm, but we prefer a negotiated solution and that is why we are working closely with the United States administration to reach an agreement," Ursula von der Leyen said at the plenary session of the European Parliament.

As for India - another giant that has not yet received a letter - the US head of state threatened to raise tariffs to 10% because it belongs to the BRICS bloc, which he sees as a threat to the dollar.

Although he hasn't yet implemented much, the US President has made several threats, including raising tariffs on copper products to 50%, which has already sent the metal soaring to record highs. He also mentioned the possibility of 200% tariffs on pharmaceutical imports if manufacturers don't move operations to the US.