Trump: Global baseline tariff will likely be 15% to 20%

• President Donald Trump said the baseline tariff rate for the world will be “in the range of 15 to 20% probably one of those two numbers.”
• His comments come days before his Aug. 1 tariff deadline, and as dozens of countries have still not reached trade deals with the United States.
• “We're going to be setting a tariff for essentially the rest of the world, and that's what they're going to pay if they want to do business in the United States, because you can't sit down and make 200 deals,” Trump said.

President Donald Trumpsaid Monday that he will likely implement a blanket tariff between 15 and 20% on imports to the United States from countries that have not negotiated separate trade agreements.

“For the world, I would say it'll be somewhere in the 15 to 20% range ... I just want to be nice,” Trump said in Turnberry, Scotland, alongside United Kingdom Prime Minister Keir Starmer.

“I would say in the range of 15 to 20% probably one of those two numbers,” he continued.

The figures are significant because they represent a major increase from the 10% baseline tariff Trump announced in April of this year.

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“We're going to be setting a tariff for essentially the rest of the world, and that's what they're going to pay if they want to do business in the United States, because you can't sit down and make 200 deals,” Trump said.

Trump's comments come as scores of countries have not negotiated trade deals with the United States, days before his Aug. 1 tariff deadline.