US Commerce Secretary Lutnick on CNBC:
- if a country opens its markets the best it can hope for is a 10% US tariff
- “The 10% baseline is for countries that have balanced budget with us, that are the best, and those who had trade deficits are going to have a higher tariff. The best they can do is 10% — most likely they’ll be higher.”
- Deescalation with China is Bessent’s goal in talks
- says favours Trumps plan for raising the tax rate on high earners
WH Trade Adviser Navarro says:
- US is not getting rid of the tariffs on steel and aluminium
more to come
This article was written by Eamonn Sheridan at www.forexlive.com.