Trump: Global baseline tariff will likely be 15% to 20%
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The figures are significant because they represent a major increase from the 10% baseline tariff Trump announced in April of this year.
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July 28, 2025
04:24 PM
CNBC
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What the data shows is Watch now1:2301:23President Trump: We will make our own steel, aluminumSquawk on the StreetPresident Donald Trump said Monday that he will ly implement a blanket tariff between 15% and 20% on imports to the United States from countries that have not negotiated separate trade agreements
However, "For the world, I would say it'll be somewhere in the 15% to 20% range (an important development)
However, I just want to be nice," Trump said in Turnberry, Scotland, alongside United Kingdom Prime Minister Keir Starmer. "I would say in the range of 15% to 20% bably one of those two numbers," he continued
Moreover, The figures are significant because they represent an increase from the 10% baseline tariff Trump announced in April of this year
It also could take a toll on smaller countries hoping that the tariff rate would be closer to 10%
However, On the other hand, Commerce Secretary Howard Lutnick suggested earlier this month that smaller nations, including "the Latin American countries, the Caribbean countries, many countries in Africa," would have a baseline tariff of 10%, given current economic conditions
Furthermore, But Trump said Monday that "we're going to be setting a tariff for essentially the rest of the world, and that's what they're going to pay if they want to do in the United States, because you can't sit down and make 200 deals
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As the deadline looms, Trump administration officials in recent days have suggested that the White House is not "under pressure to have more deals. ""We've all heard the president repeatedly say that he's happy with the tariff, he's happy to just send a letter and set a tariff, as opposed to having a deal," U, given the current landscape
Trade Representative Jamieson Greer said Monday on CNBC
A baseline tariff rate somewhere between 15% and 20% is on par with some of the agreements the United States has reached with major trading partners in recent days
At the same time, Last week, Trump announced 15% tariffs on Japan, and on Sunday he rolled out 15% tariffs on most European goods to the U
Some countries, however, including Brazil and Laos, have received tariff rates as high as 40% and 50%.
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