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US Com Sec Lutnick says again on tariffs that 10 is baseline, no one’s going below 10

US Com Sec Lutnick says again on tariffs that 10 is baseline, no one’s going below 10

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By Eamonn Sheridan
21/05/2025 | 21:52 GMT
  • Commerce Secretary Howard Lutnick

sCommerce Secretary Howard Lutnick:

  • “There will be no floor below 10%.
  • 10 is our baseline.
  • No one’s going below 10.”

Lutnick also said Trump's 'gold card' will launch within 7 days.

Howard Lutnick

Mini me tariff man was speaking at an Axios event

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