President Donald Trump on Wednesday slapped 30% tariffs on goods exported from Sri Lanka to be imported into the United States, adding the country to a growing list of territories impacted by the Trump administration’s tariff war.

According to official notices posted on Truth Social by the US President, new import tariffs will take effect on August 1, impacting Algeria, Brunei, Iraq, Libya, Moldova, Philippines, and Sri Lanka.

China warned the Trump administration on Tuesday against reigniting trade tension by restoring tariffs on its goods next month, and threatened to retaliate against nations that strike deals with the United States to cut China out of supply chains.

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U.S. President Donald Trump has cautioned Indonesia against imposing retaliatory tariffs in response to the 32% reciprocal tariff he has implemented.

New Delhi has proposed retaliatory duties against the U.S. at the World Trade Organization, saying Washington's 25% tariff on automobiles and some auto parts would affect $2.89 billion of India's exports,

The European Union reported major progress in trade talks, signaling a deal with the U.S. may be imminent before a freshly revised Aug. 1 deadline.

Economists have long disliked tariffs and can point to research showing they harm the countries that impose them, including the workers and consumers in those economies.