Trump says he'll notify 150+ countries about 10-15% rate
Bloomberg · New
Bloomberg
New
President Donald Trump said he would send letters to more than 150 countries notifying them their tariff rates could be 10% or 15% as he forges ahead with his trade agenda.
Breakdown
- President Trump plans to send letters to over 150 countries about new tariff rates. 2s
- Most small countries are expected to face tariffs of 10% to 15%. 11s
- The new tariffs follow earlier announcements of higher rates for major trading partners. 18s
- Economists highlight that the proposed rates are lower than previously considered tariffs of up to 40%. 55s
- While tariffs are generally seen as negative for trade, the new rates are less severe than earlier proposals. 1m 4s