President Donald Trump has announced a new minimum tariff policy, confirming that the U.S. will impose a baseline of at least 10% tariffs on imports, with some potentially rising much higher.
During his address, Trump mentioned a “wonderful deal” finalized recently and said that four to five more trade agreements are expected soon.
While noting a possible exception in the future, Trump emphasized the permanence of this 10% floor.
The announcement comes as part of his broader economic strategy to protect American industries and pressure foreign nations into fairer trade arrangements.
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