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President Trump announced Tuesday evening that the U.S. will impose a blanket tariff of “a little over 10 percent” on smaller countries, including those in Africa and the Caribbean, as part of a sweeping trade policy expansion set to take effect August 1.

“We’ll probably set one tariff for all of them,” Trump told reporters. Commerce Secretary Howard Lutnick confirmed that the move targets several developing nations across those regions. The administration has issued two dozen tariff notifications globally, but Trump said talks remain open with some trading partners to negotiate lower rates.

The plan follows recent tariff fluctuations, including a reduction in Indonesia’s rate from 32% to 19%. Other new tariff levels include 25% on Japan and Malaysia, 20% on the Philippines, 35% on Bangladesh, and 36% on Thailand and Cambodia. A steep 40% was imposed on Myanmar.

Trump added that Europe may seek to negotiate its existing 30% tariff, indicating that while rates are being formalized, flexibility remains part of the administration’s strategy.

Critics warn the move could strain relations with developing nations, while supporters argue it enhances U.S. leverage in global trade.


Sources:
The HillMBFC Rating


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