Monday, July 28, 2025 - President Donald Trump said on July 27th that most countries without trade agreements with Washington will face reciprocal tariff rates between 15% and 20%, or possibly one of those two figures.
Speaking in Turnberry, Scotland, after meeting British Prime
Minister Keir Starmer, Trump told reporters, "The tariff rate for
countries that haven’t reached trade deals with us will be somewhere between
15% and 20%. I’d say it’s likely one of those two numbers."
He emphasized that the U.S. would "essentially impose
tariffs on the world," saying, "If they want to do business in
America, they will have to pay those tariffs. This is because we can’t
negotiate 200 separate trade deals."
This plan follows his April announcement of reciprocal
tariff rates across 57 economies, where the highest was 49% for Cambodia.
Though the proposed rates are lower than that peak, Trump reaffirmed his
intention to raise the base tariff from 10% to 15%.
Among countries that have reached agreements with
Washington, tariffs now stand at 10% for the U.K., 20% for Vietnam, 19% for
Indonesia and the Philippines, and 15% for Japan and the EU. Commerce Secretary
Howard Lutnick previously hinted that smaller economies in Latin America, the
Caribbean, and Africa may keep the base 10% rate, leaving room for adjustment.
Trump also said he would sharply reduce the previously
granted 50-day grace period for imposing steep tariffs on Russia and its
trading partners, expressing disappointment in Russian President Vladimir Putin
for continuing attacks on Ukraine.
"I think I know what will happen, and I intend to
shorten the 50 days I gave him," Trump said, noting he plans to announce
the revised timeline later on July 28 or July 29.
Earlier this month, Trump warned that if a Ukraine ceasefire
was not reached within 50 days, the U.S. would impose "very severe"
100% tariffs on Russia and secondary sanctions on countries trading with
Moscow.
"I’ve spoken with President Putin many times and
thought we had resolved these issues, but he suddenly launched rockets at
cities like Kyiv, killing many in places like nursing homes. I’m very
disappointed in him," Trump said.
The new tariffs and secondary sanctions are now expected to
take effect by late next week.
0 Comments