Lutnick: ‘We do expect a 10 percent baseline tariff to be in place for the foreseeable future’
- Commerce Secretary Howard Lutnick stated that the 10% baseline tariff on imports is expected to remain in place for the foreseeable future, as reported by CNN's Dana Bash.
- Lutnick's remarks echoed President Donald Trump's earlier comments about the tariff rate that may apply to trade deals.
- Trump indicated that the 10% tariff could be a baseline, suggesting it could be much higher for certain countries and emphasizing that this rate is a low number for products from the United Kingdom.
- Lutnick rejected concerns about increased costs for consumers, asserting that businesses and countries will pay for the tariffs.
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Lutnick: Trump administration to keep 10% tariffs for 'foreseeable future'
U.S. Commerce Secretary Howard Lutnick said Sunday that the administration of President Donald Trump would keep the 10% baseline tariffs on global imports for the "foreseeable future."
·Washington, United States
Read Full ArticleTrump Says 10 Percent Baseline Tariff to Remain on All Countries, With Rare Exceptions - The Thinking Conservative
President Trump said U.S. will retain a baseline 10 percent tariff on imports from nearly all trading partners—even after new trade agreements are signed The post Trump Says 10 Percent Baseline Tariff to Remain on All Countries, With Rare Exceptions appeared first on The Thinking Conservative.
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Leaning Left3Leaning Right10Center5Last UpdatedBias Distribution56% Right
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R 56%
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