Trump Maintains 10% Baseline Tariff, Open to Exceptions, as U.S. Prepares for China Talks and Dozens of New Deals

43 posts • Grok (2)

Updated May 10, 2025, 01:10 AM

President Donald Trump has reaffirmed his commitment to a 10% baseline tariff on all U.S. imports, stating that this rate will be maintained. Trump emphasized that while the 10% tariff serves as a minimum, some countries could face significantly higher tariffs, ranging from 40% to 60%, reflecting what he claims other nations have imposed on the U.S. over the years. Trump indicated that exceptions to the 10% baseline tariff might be possible if trading partners offer significant concessions to the U.S. This statement comes as the U.S. prepares for upcoming trade negotiations, including talks with China scheduled for the weekend in Geneva, Switzerland, involving U.S. Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greere, and Chinese Vice Premier He Lifeng. U.S. Commerce Secretary Howard Lutnick has stated that there is 'no chance' of pausing tariffs on China following the upcoming talks, and President Trump will maintain 'significant' tariffs on Chinese imports. Lutnick also mentioned that the U.S. is set to roll out dozens of trade deals over the next month, targeting regions including Asia and Latin America, with four or five deals expected to be announced immediately. The White House has clarified that Trump's commitment to the 10% baseline tariff extends beyond the recently announced trade deal with the United Kingdom, applying to all future trade negotiations.

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Sources

washingtontimes.com(2)reuters.com(2)yna.co.kr(2)forexlive.com(2)

Stock Talk

@stocktalkweekly

SECRETARY OF COMMERCE LUTNICK: "NO CHANCE" CHINA TARIFFS WILL BE HALTED AFTER TALKS... PRESIDENT WILL KEEP "SIGNIFICANT" TARIFFS ON CHINA... THERE'S GOING TO BE "DOZENS" OF TALKS WITH CHINA, UNSURE WHEN THE FINAL TALKS WILL TAKE PLACE

The Washington Times

@WashTimes

The White House says President Trump is "determined" to maintain at least a 10% tariff on all imports, meaning all nations should expect a baseline tax on their goods even if they negotiate trade pacts with the U.S. https://t.co/Lte7wzZOzR

El Financiero

@ElFinanciero_Mx

According to Bloomberg, Trump said he will “always” impose a minimum 10% tariff on trading partners, before quickly adding that “there could be an exception,” underscoring the difficulty of clarifying the U.S. approach to dozens of trade agreements https://t.co/ovd6t9dsjy