Inside Trade

April 19, 2025

Trump says 10 percent ‘baseline’ tariff open to negotiation

By David LaRoss  / April 10, 2025 at 5:31 PM
President Trump is open to lowering or waiving the global 10 percent tariff he imposed on U.S. imports as part of his “reciprocal” tariff regime, depending on the concessions that U.S. trading partners offer the U.S. in a flood of talks -- which officials said now encompasses “over 75 countries.” Speaking to the press following an April 10 Cabinet meeting , Trump also reiterated that he will consider country- or company-specific exemptions from the global “reciprocal” tariffs but said he...

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