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Filtering by entity: Prime Minister of Iraq | Clear Filter
Summary:A letter from the White House, dated July 9, 2025, to the Prime Minister of Iraq, Mohammed Shia' al-Sudani, outlines a new U.S. trade policy imposing a 30% tariff on all Iraqi products starting August 1, 2025. The letter states this measure is due to persistent trade deficits, warns against retaliatory tariffs, and asserts that the deficit poses a threat to the U.S. economy and national security.
Sentiment:Directive
Key Claims:
- The United States has a significant and persistent trade deficit with Iraq.
- The U.S. will impose a 30% tariff on all Iraqi products starting August 1, 2025.
- The 30% tariff is separate from all sectoral tariffs.
- Goods transshipped to evade a higher tariff will be subject to the 30% tariff.
- The 30% tariff is far less than what is needed to eliminate the trade deficit.
- If Iraq raises its tariffs, the U.S. will add that amount to the 30% charge.
- Iraq's tariffs, non-tariff policies, and trade barriers have caused unsustainable trade deficits against the United States.
- The trade deficit is a major threat to the U.S. economy and national security.
Potential Market Impact (S&P 500):5/10
Potential Geopolitical Risk:6/10
Potential Global Cross-Asset Impact:5/10
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