US News | Trump Says Global Tariff Rates Likely To Be Set At 15% To 20%
A new reality is settling in for the global economy: President Donald Trump's tariffs are here to stay. On Monday morning, Trump said the baseline tariff rate for the world will be "in the range of 15 to 20%, probably one of those two numbers." That statement came some 12 hours after Trump announced an agreement Sunday with the European Union that would see a 15% tax paid on products brought into the United States from the bloc. The E.U. also agreed to spend $750 billion on energy purchases from the U.S., while investing an additional $600 billion in the US.
