President Donald Trump announced 15% tariffs on most goods from the European Union, down from the threatened 30%, as part of a trade agreement .

A slew of countries will face steep levies, including a 50% tariff on imports from Brazil and a 30% tariff on the European Union.

The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.

The customized tariff rates were slated to take effect on April 9, but then got delayed 90 days and then postponed again until Aug. 1.

The president is set to raise taxes on imports arriving from many countries, including Canada and Mexico. That’s on top of the tariffs that the White House has already announced on specific products,

The pact would set duties of 15 percent on imports of items such as wine and automobiles, or about half the 30 percent the president had recently threatened.

President Donald Trump announced the deal on Sunday in Scotland alongside European Commission President Ursula von der Leyen.

The president imposed tariffs on Japan, one of America’s closest allies, that would have been alarming just months ago. And markets went up.

Dozens of economies including India, Canada and Mexico face threats of higher tariffs Friday if they fail to strike deals with Washington. - Global tariffs - US "reciprocal" tariffs -- imposed under legally contentious emergency powers -- are due to jump from 10 percent to various steeper levels for a list of dozens of economies come August 1,

After months of delays, President Trump’s long-awaited global tariffs are slated to take effect at the end of this week. Trump on April 2 announced “reciprocal” tariffs on dozens of other

Over the past few decades, Japan-based automaker Toyota has spent billions of dollars to expand its manufacturing and assembly plants in the United States. Those plants now employ over 64,000 people across North America and have churned out millions of vehicles.