President Donald Trump declared a minimum 10% tariff on imports from most trading partners, emphasizing its permanence with few exceptions and stating that the current rates are meant to reduce trade deficits and support domestic manufacturing. The Trump administration’s new trade deal with the United Kingdom maintains the 10% tariff while allowing better market access for U.S. agricultural products and reducing tariffs on British automobiles, as reported by the White House.
According to White House press secretary Karoline Leavitt, this baseline tariff is intended to address trade deficits and support domestic manufacturing. Commerce Secretary Howard Lutnick confirmed that no U.S. tariff will dip below 10% for the foreseeable future, reinforcing the administration’s trade policy.
