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10% Tariffs Remain: US Trade Policy Update

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Commerce Secretary Howard Lutnick confirmed that the 10% baseline tariff on imported goods will remain in effect indefinitely. While the administration will negotiate with individual countries, the 10% tariff will not be lowered. This follows President Trump's pause on country-specific tariffs, which are set to resume in early July. Ongoing trade negotiations with China, involving tariffs as high as 145%, are currently underway.

Prepared by Christopher Adams and reviewed by editorial team.

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