Lutnick: 10 Percent Tariffs in Place for the 'Foreseeable Future'

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Lutnick: 10 Percent Tariffs in Place for the 'Foreseeable Future'

Commerce Secretary Howard Lutnick said Sunday that the United States anticipates “a 10 percent baseline tariff to be in place for the foreseeable future” for countries across the globe amid trade tensions.“We do expect a 10 percent baseline tariff to be in place for the foreseeable future,” Lutnick told CNN’s Dana Bash on “State of the Union.” “But don’t buy the silly arguments that the U.S. consumer pays.”“Businesses, their job is to try to sell to the American consumer, and domestically produced products are not going to have that tariff,” he added.President Trump this week announced a trade agreement with ..