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Trump Maintains 10% Baseline Tariff, Keeps 145% on China Amid U.K. Trade Deal

51 posts • Grok (2)

Updated May 11, 2025, 01:41 PM

President Donald Trump has reaffirmed his commitment to maintaining a 10% baseline tariff on imports from nearly all trading partners, even after new trade agreements are signed. This policy is described as a permanent floor, with only rare exceptions possible if countries offer significant trade concessions.

Trump has indicated that tariffs on some countries could be much higher, ranging from 40% to 60%, reflecting what he perceives as unfair trade practices against the U.S. in the past. The president mentioned that the U.S. had recently signed a trade deal with the United Kingdom, which maintains the 10% tariff on British goods.

The White House has stated that Trump will not unilaterally reduce tariffs on China, emphasizing the need for concessions from Beijing. The 80% tariff figure mentioned by Trump was described as a number he 'threw out there,' suggesting flexibility in negotiations. U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are set to meet Chinese Vice Premier He Lifeng in Switzerland to discuss the 145% tariff on China.

Trump's tariff strategy is part of a broader approach to trade negotiations, with four or five more deals expected to be announced soon.

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#Donald Trump #Trump #United Kingdom #British #White House #China #Beijing #Scott Bessent #Jamieson Greer #Chinese #He Lifeng #Switzerland

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Sources

washingtontimes.com(3)bloomberg.com(2)reuters.com(2)yna.co.kr(2)

The Bulwark

@BulwarkOnline

Q: "Is that 10% tariff kind of a baseline?" Lutnick: "Yes. We will not go below 10%." https://t.co/1Ci6HStCo1

The Bulwark

@BulwarkOnline

Lutnick: "We do expect a 10% baseline tariff to be in place for the foreseeable future. But don't buy the silly arguments that the U.S. consumer pays." Q: "So who's going to eat the tariff?" Lutnick: "The businesses and the countries." https://t.co/XtyPYzVVZ9

The Bulwark

@BulwarkOnline

Lutnick: "We do expect a 10% baseline tariff to be in place for the foreseeable future. But don't buy the silly arguments that the U.S. consumer pays."Q: "So who's going to eat the tariff?" Lutnick: "The businesses and the countries." https://t.co/ooWD3Ibp6i