10% tariffs only for 'best' countries: US commerce secretary

Washington.- President Donald Trump's government will impose "probably" tariffs of more than 10 percent on trading partners with whom it has a trade deficit, Trade Secretary Howard Lutnick warned this Thursday. After returning to power in January, Trump imposed an avalanche of new taxes on products imported into the United States. Trump partially reversed, except for China, in the highest levies to give room for negotiations but kept a minimum o…

U.S. President Donald Trump threatened these countries with more tariffs; this is the reason, according to his Trade Secretary, Howard Lutnick. Tariffs, as Donald Trump himself has expressed, became his favorite word in this second term, and since he arrived on January 20, he has applied it against the world, contrary to recommendations of specialists.Only in April, Donald Trump announced reciprocal tariffs against more than 180 countries, which…

10% tariffs only for 'best' countries: US commerce secretary

The United States is likely to impose tariffs of more than 10 percent on trading partners with which it has a trade deficit, Commerce Secretary Howard Lutnick said Thursday. “The 10 percent baseline is for those countries that have (a) balanced budget with us, that are the best,” Lutnick said in an interview with CNBC, […] The post 10% tariffs only for ‘best’ countries: US commerce secretary appeared first on Insider Paper.