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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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Newsmax broke the news in Washington, United States on Friday, May 9, 2025.
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