Trump Prepares to Impose Universal Tariffs, Dismissing Inflation Concerns
2025-07-11 00:29:06
On July 11th, Trump said in an interview with NBC on Thursday that he plans to impose 15% or 20% general tariffs (Blanket Tariffs) on most trading partners, and dismissed concerns that further tariffs could negatively affect the stock market or drive inflation. "All the remaining countries are going to pay, whether it's 20% or 15% (tariffs). We'll fix that now. I think these tariffs are welcomed. The stock market hit another high today", Trump said. "Not everyone has to get a letter. You know. We're just setting tariffs", Trump said. The current general tariff in the United States is 10%.
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