US President Donald Trump sent a letter to President Ferdinand “Bongbong” Marcos Jr. informing the latter that he is imposing a higher tariff rate of 20% on Philippine goods imported to America despite earlier negotiations to lower the initially announced duty of 17% in April.

President Donald Trump sent out a slew of letters Wednesday to some global trading partners, advising them of tariff levels as high as 50% for their exports to the United States.

In a series of social media posts, President Donald Trump revealed higher tariff rates for six more countries as part of his ongoing "reciprocal" tariff policy based on bilateral trade deficits.

"America will, once again, build a DOMINANT Copper Industry," Trump said in a post on his Truth Social media platform.

President Trump is again amping up his trade threats, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August. Trump on Wednesday posted to social media six letters,

Sweeping tariffs set to be imposed by President Donald Trump next month may cast a pall over his top diplomat's first official trip to Asia.

President Trump has sent letters to more than 20 trade partners, all delivering the same message: Negotiate a new trade deal by August 1 or goods will be hit with higher tariffs. CBS News's Erica Brown reports.

Baseline tariffs on U.S. trading could increase soon. President Trump said late Thursday he plans to impose blanket levies of 15% to 20% on most trading partners that haven't yet received suggested tariff rates.