US President Donald Trump signaled that upcoming tariffs would start at a minimum of 15%, raising the floor for new levies ahead of an August 1 deadline. Speaking at an AI summit in Washington, he said, “We will have a straight, simple tariff of anywhere between 15% and 50%,” adding that the higher rate applies to countries the US hasn’t “been getting along with too well.” The comments mark a shift toward a more aggressive tariff policy aimed at nearly all US trading partners, except a select few with trade deals. On Tuesday, Trump announced a reduction in a planned 25% tariff on Japan to 15% after Tokyo agreed to lift restrictions on US goods and support a $550 billion investment fund. Other countries, including South Korea, India, and EU members, are still negotiating deals to avoid the higher tariffs. Trump noted talks with the EU were “serious” and emphasized the need for a simpler tariff system given the number of nations involved.