Trump to put tariffs of over 10% on smaller nations, including those in Africa and the Caribbean
UNITED STATES, JUL 15 – Tariffs over 10% will target imports from more than 100 smaller African and Caribbean nations, aiming to reduce trade deficits and encourage US domestic production, officials said.
- President Donald Trump told reporters he plans to place tariffs of over 10% on smaller countries, including nations in Africa and the Caribbean.
- Commerce Secretary Howard Lutnick interjected that the nations with goods being taxed would generally do relatively modest levels of trade with the U.S. and would be relatively insignificant for addressing Trump's goals of reducing trade imbalances.
- Trump said he would start out at a lower tariff rate and give companies a year to build domestic factories before they faced higher import tax rates, and that computer chips would face a similar style of tariffs.
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Trump plans new tariffs on smaller nations
KEY TAKEAWAYS: Trump plans 10%+ tariffs on 100+ smaller nations African and Caribbean countries specifically mentioned New pharmaceutical and chip tariffs expected soon Companies may get one year to adjust to new rates Trump to put tariffs of over 10% on smaller nations, including those in Africa and the Caribbean President Donald Trump told reporters Tuesday that he plans to place tariffs of over 10% on smaller countries, including nation…
Trump Says He Will Impose Tariffs of More Than 10 Percent on Smaller Nations - The Thinking Conservative
President Donald Trump said on Tuesday that he intends to impose tariff rates of more than 10 percent on imports from “smaller nations.” The post Trump Says He Will Impose Tariffs of More Than 10 Percent on Smaller Nations appeared first on The Thinking Conservative.
Trump Announces 10% Tariff for Africa and Caribbean, Leaves Room for Talks - News Facts Network
President Trump announced Tuesday evening that the U.S. will impose a blanket tariff of “a... The post Trump Announces 10% Tariff for Africa and Caribbean, Leaves Room for Talks appeared first on News Facts Network.
Trump planning 10 percent tariffs on smaller countries
President Trump said there will be a roughly 10 percent tariff set across the board for smaller countries, including those in Africa and the Caribbean. “We’ll probably set one tariff for all of them,” Trump told reporters on Tuesday evening. When asked for the amount, the president said “a little over 10 percent.” Commerce Secretary Howard Lutnick added during the gaggle with reporters that they were referring to African and Caribbean countries,…
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