By Ahmed Tabaqchali for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News.
Beyond tariffs: Building a win-win relationship between the US and Iraq
Iraq was among the countries that received a letter from US President Donald Trump on July 9th advising its prime minister that Baghdad's trading relationship with Washington was far from reciprocal-and thus its exports to the United States would be subject to a 30 percent tariff starting August 1.
This is lower than the initial rate of 39 percent that the Trump administration announced on "Liberation Day" back in April, but higher than the revised 10 percent base rate that applied to all countries when the Trump administration paused "Liberation Day" tariffs for ninety days, allowing room for negotiations that expired in July.
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