"Basically will always have a baseline of 10% tariffs," Trump said, addressing reporters during a policy briefing. He added, "Exception to 10% baseline tariff possible if somethin

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.