As part of the US-UK trade agreement, the US plans to maintain a basic tariff of 10%. US President Trump said in the Oval Office on Thursday that this is not a template for future agreements. “That's a very low number,” he said. “They made a good deal.” Trump said other countries' tariff rates would probably be “much higher” because “they have huge trade surpluses, and in many cases, they're not treating us right.” On April 9, Trump suspended the imposition of “equal” tariffs of up to 50% on dozens of countries for 90 days. Other countries, including the UK, levy a 10% base tariff on all goods entering the US. Trump said the 10% tax rate is non-negotiable. However, Trump's latest remarks suggest that negotiations with other countries that have been postponed to equal tariffs will not completely eliminate these higher tariffs.

As part of the US-UK trade agreement, the US plans to maintain a basic tariff of 10%. US President Trump said in the Oval Office on Thursday that this is not a template for future agreements. “That's a very low number,” he said. “They made a good deal.” Trump said other countries' tariff rates would probably be “much higher” because “they have huge trade surpluses, and in many cases, they're not treating us right.” On April 9, Trump suspended the imposition of “equal” tariffs of up to 50% on dozens of countries for 90 days. Other countries, including the UK, levy a 10% base tariff on all goods entering the US. Trump said the 10% tax rate is non-negotiable. However, Trump's latest remarks suggest that negotiations with other countries that have been postponed to equal tariffs will not completely eliminate these higher tariffs.