US President Donald Trump has announced plans to notify more than 150 countries that they could soon face new tariff rates of 10% or 15%.
Trump has overhauled US trade policy since returning to office in January, imposing sweeping tariffs to protect domestic industry. His “Liberation Day” package on April 2 introduced a blanket 10% levy on nearly all imports, alongside steeper rates for goods from key partners including China, Mexico, Canada, and the EU. Additional duties on steel, aluminum, and vehicles have pushed average tariffs to historic highs.
Speaking to reporters at the White House on Wednesday, Trump said, “We’ll have well over 150 countries that we’re just going to send a notice of payment out, and the notice will state what the tariff rate is going to be.”
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