Politics Lutnick says 10% baseline tariff will stick around for “foreseeable future”
2025-05-11 09:29:01 source：CNBC
May 11, 2025
Commerce Secretary Howard Lutnick said Sunday that the 10% baseline tariff rate on imports from other countries is likely to “be in place for the foreseeable future,” echoing President Donald Trump’s comments from days prior.
“We do expect a 10% baseline tariff to be in place for the foreseeable future,” Lutnick told CNN’s Dana Bash on ‘State of the Union.’
The commerce secretary rejected the idea that consumers would take on increased costs caused by the tariffs, insisting that business and countries will pay.
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