U.S. President Donald Trump holds a chart subsequent to U.S. Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs within the Rose Backyard on the White Home in Washington, D.C., on April 2, 2025.
Carlos Barria | Reuters
Commerce Secretary Howard Lutnick stated Sunday that the 10% baseline tariff charge on imports from different international locations is prone to “be in place for the foreseeable future,” echoing President Donald Trump’s feedback from days prior.
“We do anticipate a ten% baseline tariff to be in place for the foreseeable future,” Lutnick advised CNN’s Dana Bash on ‘State of the Union.’
The commerce secretary rejected the concept that customers would tackle elevated prices brought on by the tariffs, insisting that enterprise and international locations pays.
However knowledge suggests that companies are already making an attempt to pass costs onto consumers, and consumer confidence has plunged within the weeks because the president’s April 2 tariff announcement. The prices of some household items have additionally already ticked up.
“Companies, their job is to attempt to promote to the American shopper, and domestically produced merchandise aren’t going to have that tariff, so the foreigners are going to lastly should compete,” Lutnick stated.
Lutnick’s feedback got here days after Trump said from the White House that the ten% tariff charge will possible be the ground for commerce offers, and the speed may very well be “a lot increased” for some international locations.
The USA reached a trade settlement with the UK final week, however the 10% baseline tariff nonetheless applies to most items imported to the U.S.
Trump additionally advised that the ten% baseline quantity on merchandise from the UK is a “low quantity.”
“They made a very good deal,” Trump stated of the UK.
“Some will likely be a lot increased as a result of they’ve huge commerce surpluses,” he additionally stated.