Tariff Policy to Remain Unchanged

In a recent statement, US Commerce Secretary Howard Lutnick confirmed that the 10% baseline tariff on imports is set to remain in place "for the foreseeable future." This announcement aligns with President Donald Trump's recent trade policies, aiming to protect domestic industries.

Impact on Consumers and Businesses

During an interview on CNN, Lutnick addressed concerns regarding the potential burden on American consumers due to the tariffs. He argued that the financial impact would primarily fall on foreign businesses, not the consumers. "Domestically produced products are not going to have that tariff, so the foreigners are going to finally have to compete," Lutnick stated.