Trump Says Countries Will Face Tariffs Ranging From 15% to 50%

US President Donald Trump suggested that he would not go below 15% as he sets so-called reciprocal tariff rates ahead of an Aug. 1 deadline, an indication that the floor for the increased levies was rising.

“We’ll have a straight, simple tariff of anywhere between 15% and 50%,” Trump said Wednesday at an AI summit in Washington. “A couple of — we have 50 because we haven’t been getting along with those countries too well.”

Trump’s comment declaring that the tariffs would begin at 15% represented the latest twist in his effort to impose duties on nearly every US trading ...