US EditionTreasury Secretary says Trump will keep a 10% baseline tariffs on most countries while escalating action against China
- On Wednesday, new U.S. Tariffs on various countries went into effect, prompting immediate reactions.
- These tariffs stemmed from the Trump administration's economic policy designed to reshape the U.S. economy.
- China retaliated by raising tariffs to 84% on some U.S. Goods, effective April 10, and vowed countermeasures.
- Treasury Secretary Bessent stated that Trump's tariff levels are a 'ceiling' if countries don't retaliate.
- The tariffs roiled the stock market and led to warnings of a potential recession from economists and business leaders.
151 Articles
151 Articles
Trump hints at 'exceptions' to 10% baseline tariff, but keeps everyone guessing on 'obvious reasons'
Donald Trump has said there could be a few “exceptions” to his new ten per cent baseline tariff on most US trading partners, but did not explain what the “obvious reasons” for those exceptions might be. His comments have added to the uncertainty around his trade policy, which has already caused global market jitters.
Trump says 10 percent ‘baseline’ tariff open to negotiation
President Trump is open to lowering or waiving the global 10 percent tariff he imposed on U.S. imports as part of his “reciprocal” tariff regime, depending on the concessions that U.S. trading partners offer the U.S. in a flood of talks -- which officials said now encompasses “over 75 countries.” Speaking to the press following an April 10 Cabinet meeting, Trump also reiterated that he will consider country- or company-specific exemptions from t…
Trump's 10% Baseline Tariff For All, Except China, May Remain: Top Official
US President Donald Trump's 10 percent tariff for almost all countries except China will likely remain in place going forward, his top economic advisor Kevin Hassett said Thursday. A day earlier, Trump announced a 90-day pause on higher tariffs against all countries except China, reversing a policy that had roiled global stock markets and spooked the American bond markets -- a key barometer of investors' faith in the US government's ability to p…
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