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

President Donald Trump said he will impose tariffs ranging from a minimum rate of 15% to a clip as high as 50% as his Aug. 1 deadline looms. “We’ll have a straight, simple tariff of anywhere between 15% and 50%,

US President Donald Trump has indicated that he will not go below a 15% rate as he sets his “reciprocal” tariffs on US trading partners, a sign that the floor for these increased levies is rising. This latest pronouncement adds another layer of complexity to the administration’s chaotic trade war,