Trump says 10% tariffs will be a permanent baseline — Bitcoin stays steady at $103K as markets weigh fresh trade comments.

If the US president moderates his tariff war against China, or if value networks find ways of “ China-washing ” exports to the US via third countries, the same can happen in reverse. Only if Trump is determined to keep ratcheting up protection to stop imports will trade and the economy fail to recover.

President Donald Trump said Thursday that the universal 10% tariff on imported goods is here to stay — and may soon be the floor, not the ceiling.