Economists have been expressing alarm over U.S. President Donald Trump’s plan to hit Brazil with a 50% tariff on Aug. 1 — the largest country-specific levy out of the 22 that Trump has rolled out this week.

For many countries, the reprieve from President Donald Trump’s eye-watering tariffs, which were implemented on April 2 and temporarily reduced to 10% a week later, is soon set to come to an end. The 90-day pause,

The US will impose a tariff of 35 per cent on Canadian goods from August 1, Donald Trump said in a letter late on Thursday. The US president separately told NBC News on Thursday that any countries that had not received a letter from him setting out new tariff regimes would face so-called blanket tariffs of 15-20 per cent.