Trump planning 10 percent tariffs on smaller countries
'We'll probably set one tariff for all of them,' Trump told reporters on Tuesday evening.
When asked for the amount, the president said 'a little over 10 percent.'
Commerce Secretary Howard Lutnick added during the gaggle with reporters that they were referring to African and Caribbean countries, among others.
The president has sent two dozen letters to countries setting tariff rates to be imposed Aug. 1, but he has also left the door open to negotiations to lower those rates with trading partners.
He said this week that Europe may come to the table to try to lower the 30 percent that it's been hit with.
Earlier on Tuesday, Trump lowered the tariff rate on Indonesia to 19 percent after he had imposed a 32 percent tariff on the country on July 7.
His other latest letters to trading partners imposed tariffs of 20 percent on the Philippines, 25 percent on Japan and Malaysia, 40 percent on Myanmar, 35 percent on Bangladesh and 36 percent on Thailand and Cambodia, among others.
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