President Donald Trump has announced a new minimum tariff policy, confirming that the U.S. will impose a baseline of at least 10% tariffs on imports, with some potentially rising much higher. During his address, Trump mentioned a “wonderful deal” finalized recently and said that four to five more trade agreements are expected soon. While noting a possible exception in the future, Trump emphasized the permanence of this 10% floor. The announcement comes as part of his broader economic strategy to protect American industries and pressure foreign nations into fairer trade arrangements.
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NewsTranscript
00:00You are going to always have a baseline, and it could be an exception at some point, we'll see, somebody does something exceptional for us, it's always possible, but basically you have a baseline of a minimum of 10%.
00:30And some of them will be much higher, 40%, 50%, 60%, as they've been doing to us over the years.
00:37We had a wonderful deal yesterday, we have four or five other deals coming immediately, we have many deals coming down the line, and ultimately we're just signing the rest of them in, but we always have a baseline of 10%.
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