Commerce Secretary Says US Still Eyeing 10 Percent Baseline Tariff

Commerce Secretary Howard Lutnick said on July 20 that the United States is still aiming to leave a 10 percent baseline tariff on many smaller countries, despite recent comments from President Donald Trump that suggested the tariff level could be higher. Lutnick told CBS’s “Face the Nation” on Sunday that the Trump administration was not looking to increase the 10 percent baseline tariff level it imposed on many smaller nations in early April, when other larger U.S. trading partners saw reciprocal tariffs as high as 50 percent. “You should assume that the small countries, the Latin American countries, the Caribbean countries, many countries in Africa, they will have a baseline tariff of 10 percent,” he said....