The Trump administration released a revised list of tariff rates against nearly 70 countries set to take effect early Friday.

An executive order says most of the tariffs will not take effect for at least a week, despite an earlier assertion that new rates would take effect on Friday. Some goods from Canada would get a new 35% tariff rate beginning Friday,

Now, as the 90-day pause on those and other targeted US tariffs is set to expire, Trump has raised Brazil's rate to a whopping 50% – potentially launching a trade war with Latin America's biggest economy, which sells large amounts of beef, coffee, steel and other products to the United States.

His remarks come days after his tirade against India for buying Russian oil and White House's decision to levy 25% tariffs on all exports to America.