Trump Says Tariff Rate Outside Top 30 Countries Will Be Either 10% or 15%
For the countries outside America's top 30 or so trading partners, the U.S. likely will apply either 10% or 15% tariffs, President Donald Trump said in a telephone interview July 16.
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On Liberation Day, some of those countries were given 10% tariffs, because they import more from the U.S. than they export to the U.S., but some were given high tariffs if they had trade surpluses.
"We're going to put out one number, and it'll be probably 10% or 15%. We haven't decided yet," he told Real America's Voice, a right-leaning media outlet.
Trump was asked about the prospects of a trade deal with Canada and with the EU. On the EU, he said: "I'm very indifferent to it," because he likes the idea of 30% tariffs on European exports. "That's not a bad business. I will tell you, we're making a lot of money."
On Canada, Trump said, "Too soon to say. They've abused us very badly. They charged tariffs as high as 400% to our dairy farmers. They've really abused the United States with these deals."
Canada has tariff rate quotas on U.S. dairy exports, which negotiators during the first Trump administration didn't try to end, but rather, to get more generous quotas before hitting the out-of-quota rates.