Donald Trump announced a 30 per cent tariff on Iraqi imports on Wednesday, with the country becoming the latest to have received a so-called trade letter from the US President. The latest tariff on Baghdad is 9 per cent lower than what Mr Trump had initially announced on the country on April 2.

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.