US Tariffs to Stay Above 10%: Commerce Secretary's Announcement Shakes Global Markets

US Trade Policy: Tariffs to Remain Above 10%, Says Commerce Secretary Lutnick The United States will maintain tariffs above 10% for the foreseeable future, according to Commerce Secretary Howard Lutnick. Lutnick made the announcement during an appearance on CNN's "State of the Union," stating that the administration will negotiate trade deals on a country-by-country basis. This approach signifies a focus on addressing specific trade issues with individual nations rather than implementing broad tariff changes. "We will not go below 10%. That is just not a place we're going to go," Lutnick said, underscoring the administration's commitment to the current tariff levels. This strategy allows for flexibility in negotiations and the potential for tailored trade agreements based on the unique circumstances of each country. The announcement has significant implications for global trade. Many countries are closely watching the US's trade policies, particularly given the ongoing economic uncertainty. The country-by-country approach could lead to a more nuanced and potentially more effective trade strategy, but it also presents challenges in terms of coordination and consistency. The decision to maintain tariffs above 10% reflects the administration's priorities regarding economic protectionism and strategic trade relationships. The impact of this decision on various industries and economies globally will continue to unfold in the coming months.