Trump Says Small Country Tariffs to Be 15% or 20%
President Donald Trump, speaking to reporters in Scotland July 28, said that he expects the global tariff for small countries to be "in the range of 15 to 20%."
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"We're going to be setting a tariff for essentially the rest of the world, because you can't sit down and make 200 deals," he said. He later said the rate would be either 15% or 20%.
The expected rate for countries like Haiti, Guatemala, Ethiopia and the like keeps changing in the rhetoric.
On July 23, Trump said most countries with low volumes of trade with the U.S. would see 15%, but countries the U.S. is "getting along with" would have 50% (see 2507240071).
On July 21, Commerce Secretary Howard Lutnick, who has been a negotiator on most of the tariff deals, said, "the small countries, the Latin American countries, the Caribbean countries, many countries in Africa, they will have a baseline tariff of 10 percent" (see 2507210039).
On July 15, Trump said it would be a little bit more than 10% (see 2507160081).