Trump to put tariffs of over 10% on smaller nations, including those in Africa and the Caribbean
Source: AP
Updated 10:52 PM EDT, July 15, 2025
WASHINGTON (AP) President Donald Trump told reporters Tuesday that he plans to place tariffs of over 10% on smaller countries, including nations in Africa and the Caribbean. Well probably set one tariff for all of them, Trump said, adding that it could be a little over 10% tariff on goods from at least 100 nations.
Commerce Secretary Howard Lutnick interjected that the nations with goods being taxed at these rates would be in Africa and the Caribbean, places that generally do relatively modest levels of trade with the U.S. and would be relatively insignificant for addressing Trumps goals of reducing trade imbalances with the rest of the world.
The president had this month been posting letters to roughly two dozen countries and the European Union that simply levied a tariff rate to be charged starting Aug. 1.
Those countries generally faced tax rates on the goods close to the April 2 rates announced by the U.S. president, whose rollout of historically high import taxes for the U.S. caused financial markets to panic and led to Trump setting a 90-day negotiating period that expired July 9.
Read more: https://apnews.com/article/trump-tariffs-africa-caribbean-c0307a66f3fbab26c0ece454d78e48cb

twodogsbarking
(14,499 posts)no_hypocrisy
(52,359 posts)to lower interest rates.
Solly Mack
(95,302 posts)BaronChocula
(3,010 posts)That'll teach 'em.
mdbl
(6,965 posts)Or is he just stupid. Yes these questions are rhetorical.