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Trump Says 15-20% Baseline Tariff Likely For Countries Without Trade Deals12Foto© indiatoday.in

Trump Says 15-20% Baseline Tariff Likely For Countries Without Trade Deals

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United States President Donald Trump on Monday said he would likely introduce a global baseline tariff between 15% and 20% for countries that have not negotiated separate trade agreements with Washington.

“For the world, I would say it’ll be somewhere in the 15% to 20% range,” Trump told reporters alongside United KingdomUnited KingdomUnited Kingdom Prime Minister Keir Starmer in Scotland. “Probably one of those two numbers.”

He added that Washington would soon notify about 200 countries of their new “world tariff” rate.

The range is a significant increase from the 10% baseline tariff that Trump had announced in April.

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