Trump's 10% Tariff Stance: No Exceptions, Some Tariffs to Reach 60%

President Donald Trump's announcement on tariffs sent shockwaves through the global trade community. In a short video released on May 10th, 2025, Trump declared that 10% tariffs will remain in place for all countries, regardless of future trade deals. "You are going to always have a baseline," Trump stated, emphasizing that while exceptions might exist, a minimum 10% tariff will be enforced. He further indicated that some tariffs could reach significantly higher percentages, up to 60%, citing past actions by other nations as justification. This announcement has prompted concerns about potential trade disputes and economic repercussions worldwide. The long-term implications of this decision remain to be seen, but it is clear that Trump's stance on tariffs remains firm.