President Donald Trump says he plans to place tariffs of over 10% on smaller countries, including nations in Africa and the Caribbean.

President Donald Trump said that he was likely to impose tariffs on pharmaceuticals as soon as the end of the month and that levies on semiconductors could come soon as well, suggesting that those import taxes could hit alongside broad “reciprocal” rates set for implementation on Aug.

European Union officials have drawn up plans to impose levies on American imports, but questions abound about whether they would go through with them.