{"id":29023,"date":"2025-07-28T16:00:09","date_gmt":"2025-07-28T16:00:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/29023\/"},"modified":"2025-07-28T16:00:09","modified_gmt":"2025-07-28T16:00:09","slug":"global-baseline-tariff-will-likely-be-15-to-20","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/29023\/","title":{"rendered":"Global baseline tariff will likely be 15% to 20%"},"content":{"rendered":"<p><img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/07\/108177763-17537123791753712376-40928427942-1080pnbcnews.jpg\" alt=\"President Trump: We will make our own steel, aluminum\"\/><\/p>\n<p>President <a href=\"https:\/\/www.cnbc.com\/donald-trump\/\" rel=\"nofollow noopener\" target=\"_blank\">Donald Trump<\/a> said Monday that he will likely implement a blanket <a href=\"https:\/\/www.cnbc.com\/2025\/07\/28\/china-trade-talks-trump-greer.html\" rel=\"nofollow noopener\" target=\"_blank\">tariff<\/a> between 15% and 20% on imports to the United States from countries that have not negotiated separate <a href=\"https:\/\/www.cnbc.com\/2025\/07\/26\/trump-tariffs-trade-lawsuits.html\" rel=\"nofollow noopener\" target=\"_blank\">trade agreements<\/a>.<\/p>\n<p>&#8220;For the world, I would say it&#8217;ll be somewhere in the 15% to 20% range &#8230; I just want to be nice,&#8221; Trump said in Turnberry, Scotland, alongside United Kingdom Prime Minister <a href=\"https:\/\/www.cnbc.com\/2025\/07\/25\/as-trump-visits-scotland-the-uk-will-look-to-cement-trade-deal.html\" rel=\"nofollow noopener\" target=\"_blank\">Keir Starmer<\/a>.<\/p>\n<p>&#8220;I would say in the range of 15% to 20% probably one of those two numbers,&#8221; he continued.<\/p>\n<p>The figures are significant because they represent an increase from the <a href=\"https:\/\/www.cnbc.com\/2025\/05\/11\/trump-official-says-10percent-tariffs-will-stick-around.html\" rel=\"nofollow noopener\" target=\"_blank\">10% baseline tariff\u00a0Trump<\/a> announced\u00a0in <a href=\"https:\/\/www.cnbc.com\/2025\/03\/30\/trumps-promised-liberation-day-of-tariffs-is-coming-heres-what-it-could-mean-for-you.html\" rel=\"nofollow noopener\" target=\"_blank\">April<\/a> of this year.<\/p>\n<p>It also could take a toll on smaller countries hoping that the tariff rate would be closer to 10%.<\/p>\n<p>Commerce Secretary Howard Lutnick <a href=\"https:\/\/www.cnbc.com\/2025\/07\/20\/trump-trade-lutnick-august-1-tariffs.html\" rel=\"nofollow noopener\" target=\"_blank\">suggested earlier this month<\/a> that smaller nations, including &#8220;the Latin American countries, the Caribbean countries, many countries in Africa,&#8221; would have a baseline tariff of 10%.<\/p>\n<p>But Trump said Monday that &#8220;we&#8217;re going to be setting a tariff for essentially the rest of the world, and that&#8217;s what they&#8217;re going to pay if they want to do business in the United States, because you can&#8217;t sit down and make 200 deals.&#8221;<\/p>\n<p>The White House did not immediately respond to CNBC&#8217;s request for comment about whether there would be an exception on the baseline tariff rate for smaller nations.<\/p>\n<p>Read more CNBC politics coverage<\/p>\n<p>Trump&#8217;s comments come as scores of countries have not negotiated trade deals with the United States, days before his <a href=\"https:\/\/www.cnbc.com\/2025\/07\/27\/lutnick-trump-european-union-trade-aug-1-.html\" rel=\"nofollow noopener\" target=\"_blank\">Aug. 1 tariff deadline<\/a>.<\/p>\n<p>As the deadline looms, Trump administration officials in recent days have suggested that the White House is not &#8220;under pressure to have more deals.&#8221;<\/p>\n<p>&#8220;We&#8217;ve all heard the president repeatedly say that he&#8217;s happy with the tariff, he&#8217;s happy to just send a letter and set a tariff, as opposed to having a deal,&#8221; U.S. Trade Representative\u00a0<a href=\"https:\/\/www.cnbc.com\/video\/2025\/05\/30\/u-s-trade-rep-jamieson-greer-very-concerned-with-chinese-non-compliance-on-trade-agreement.html\" rel=\"nofollow noopener\" target=\"_blank\">Jamieson Greer<\/a> said Monday on <a href=\"https:\/\/www.cnbc.com\/video\/2025\/07\/28\/watch-cnbcs-full-interview-with-u-s-trade-representative-jamieson-greer.html\" rel=\"nofollow noopener\" target=\"_blank\">CNBC<\/a>.<\/p>\n<p>A baseline tariff rate somewhere between 15% and 20% is on par with some of the agreements the United States has reached with major trading partners in recent days.<\/p>\n<p>Last week, Trump announced <a href=\"https:\/\/www.cnbc.com\/2025\/07\/23\/trump-announces-massive-trade-deal-with-japan-with-15percent-tariffs.html\" rel=\"nofollow noopener\" target=\"_blank\">15% tariffs on Japan<\/a>, and on Sunday he rolled out 15% tariffs on most <a href=\"https:\/\/www.cnbc.com\/2025\/07\/27\/trump-european-union-eu-trade-tariffs.html\" rel=\"nofollow noopener\" target=\"_blank\">European goods<\/a> to the U.S.<\/p>\n<p>Some countries, however, including <a href=\"https:\/\/www.cnbc.com\/2025\/07\/09\/trump-brazil-tariffs-bolsonaro.html\" rel=\"nofollow noopener\" target=\"_blank\">Brazil<\/a> and <a href=\"https:\/\/www.cnbc.com\/2025\/07\/07\/trump-tariffs-trade-letters-japan.html\" rel=\"nofollow noopener\" target=\"_blank\">Laos<\/a>, have received tariff rates as high as 40% and 50%.<\/p>\n","protected":false},"excerpt":{"rendered":"President Donald Trump said Monday that he will likely implement a blanket tariff between 15% and 20% on&hellip;\n","protected":false},"author":2,"featured_media":29024,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[6146,3899,84,273,4954,141,1294,4797,56,54,55,3285],"class_list":["post-29023","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-breaking-news-economy","tag-breaking-news-politics","tag-business","tag-business-news","tag-donald-j-trump","tag-donald-trump","tag-economy","tag-u-s-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom","tag-white-house"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/29023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=29023"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/29023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/29024"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=29023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=29023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=29023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}