Trump Says He Will Impose Tariffs of More Than 10 Percent on Smaller Nations

5Mind. The Meme Platform

Commerce Secretary Howard Lutnick said that the tariffs would target smaller nations such as those in Africa and the Caribbean.

President Donald Trump said on Tuesday that he intends to impose tariff rates of more than 10 percent on imports from “smaller nations.”

Trump told reporters that his administration will release a letter soon, notifying those countries of the tariff rates they will be subject to when exporting goods to the United States.

“We’ll be releasing a letter soon talking about many countries that are much smaller,” he said after arriving from Pittsburgh. “We’ll probably set one tariff for all of them.”

When asked about the specific rates, Trump replied that it would probably be “a little over 10 percent.”

While Trump did not name specific countries, Commerce Secretary Howard Lutnick clarified that the tariffs would apply to smaller nations such as those in Africa and the Caribbean.

Trump said the tariff rates were determined based on the trade deficits those countries have with the United States and other factors.

According to the Office of the U.S. Trade Representative, the United States recorded a $7.4 billion goods trade deficit with Africa in 2024, with total goods trade with the continent reaching an estimated $71.6 billion in the same year.

The Economic Commission for Latin America and the Caribbean stated in its recent report that the U.S. trade deficit with the region reached $125 billion in 2023, with total goods trade exceeding $1 trillion that year.

Trump told reporters that the U.S. government has secured a “terrific deal” with Indonesia that will grant the United States full access to the Indonesian market.

Trump announced on Truth Social earlier in the day that Indonesian goods would be subject to a 19 percent tariff, while U.S. exports to Indonesia will face no tariffs or trade barriers. He also stated that Indonesia has committed to buying $15 billion in U.S. energy, $4.5 billion in agricultural goods, and 50 Boeing jets.

By Aldgra Fredly

Read Full Article on TheEpochTimes.com

Contact Your Elected Officials
The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Gates Discussed Pandemic with Epstein in 2017!?

An email, from the newly released Epstein files, sent to Epstein with the subject “Preparing for Pandemics" allegedly came from Bill Gates.

Public Health™ Fatties For Flu Shots!

Meet Sarah Hoffman, former Alberta Minister of Health — in any sane time and place, the unlikeliest of sources for sound Public Health™ counsel.

How Will Key Countries Respond To The US’ Attempted Restoration Of Unipolarity?

The US’ new National Security and Defense Strategies outline the “Trump Doctrine,” signaling a grand strategy to restore American unipolar dominance worldwide.

The Federal Courts Have Become Another Political Branch

Politics has increasingly contaminated institutions once expected to stand apart from partisan struggle—including the judiciary.

“Melania” Movie Beats Negative Pre-Hype

My wife and I went to see the “Melania”...

Deputy AG Suggests Organized Group Is Behind Minneapolis Protests

Deputy Attorney General Todd Blanche suggested on Feb. 2 that an organized group is behind the protests in Minnesota.

RFK Jr. Announces $100 Million Program Aimed at Homelessness and Addiction

Health Secretary Robert F. Kennedy Jr. announced a new $100 million program that he said will help homeless people find jobs and treat drug abuse.

Trump Says Administration Will Seek $1 Billion in Damages From Harvard

Trump alleged that Harvard University had engaged in criminal...

Catholic Network Files Suit Against Trump Admin Over Immigrant Visa Pause

The Trump administration halted visas to people from 75 nations last month due to the risk of immigrants becoming dependent on government welfare.

Trump, Colombia’s Petro to Meet for White House Talks After Months of Sharp Tension

President Donald Trump will welcome Colombian President Gustavo Petro for a bilateral discussion at the White House in Washington on Feb. 3.

Trump Says UN Still Has Tremendous Potential, as Organization Struggles Financially

President Trump denied claims the UN may close its NYC headquarters for financial reasons, while praising the organization’s “tremendous potential.”

Trump Launches $12 Billion ‘Project Vault’ Critical Minerals Stockpile

President Donald Trump announced on Feb. 2 a new strategic private sector critical minerals stockpile.

US, India to Slash Tariffs Under New Trade Deal, Trump Says

The US and India have reached a trade agreement and will begin lowering tariffs on each other’s goods immediately, Trump announced
spot_img

Related Articles