Source: New York Post
“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%,’ Trump said Wednesday at an artificial intelligence summit in Washington, DC. Trump’s latest tariff salvo was aimed at[American buyers of goods from] countries that have not yet secured bilateral trade frameworks with Washington. … While his team has previously floated rates between 10% and 15%, Wednesday’s remarks indicate that the baseline is now expected to begin at 15%, with significantly higher rates for [American buyers of goods from] countries with strained relations with the US.” (07/24/25)