Trump eyes 'world tariff' of 15-20% for most countries


  • World
  • Tuesday, 29 Jul 2025

A container is loaded onto a cargo ship while docked at a port under the Port Authority of Thailand, following the announcement that U.S. President Donald Trump would impose tariffs of 36% on goods from Thailand starting on August 1, in Bangkok, Thailand, July 8, 2025. REUTERS/Athit Perawongmetha/File Photo

TURNBERRY, Scotland (Reuters) -President Donald Trump said on Monday most trading partners that do not negotiate separate trade deals would soon face tariffs of 15% to 20% on their exports to the United States, well above the broad 10% tariff he imposed in April.

Trump told reporters his administration will notify some 200 countries soon of their new "world tariff" rate.

"I would say it'll be somewhere in the 15 to 20% range," Trump told reporters, sitting alongside British Prime Minister Keir Starmer at his luxury golf resort in Turnberry, Scotland. "Probably one of those two numbers."

Trump, who has vowed to end decades of U.S. trade deficits by imposing tariffs on nearly all trading partners, has already announced higher rates of up to 50% on some countries, including Brazil, starting on Friday.

The announcements have spurred feverish negotiations by a host of countries seeking lower tariff rates, including India, Pakistan, Canada, and Thailand, among others.

The U.S. president on Sunday clinched a huge trade deal with the European Union that includes a 15% tariff on most EU goods, $600 billion of investments in the U.S. by European firms, and $750 billion in energy purchases over the next three years.

That followed a $550-billion deal with Japan last week and smaller agreements with Britain, Indonesia, and Vietnam. Other talks are ongoing, including with India, but prospects have dimmed for many more agreements before Friday, Trump's deadline for deals before higher rates take effect.

Trump has repeatedly said he favors straightforward tariff rates over complex negotiations.

"We're going to be setting a tariff for essentially, the rest of the world," he said again on Monday. "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."

Canadian Prime Minister Mark Carney said on Monday trade talks with the U.S. were at an intense phase, conceding that his country was still hoping to walk away with a tariff rate below the 35% announced by Trump on some Canadian imports.

Carney conceded this month that Canada - which sends 75% of its exports to the United States - would likely have to accept some tariffs.

(Additional reporting by Andrew MacAskill in Turnberry, Andrea Shalal in Edinburgh and William James in LondonEditing by Rod Nickel)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

U.S. stocks close lower
Syria's Sharaa grants Kurdish Syrians citizenship, language rights for first time, SANA says
Emergency calls reveal chaos after Minneapolis ICE shooting as city braces for more unrest
Trump offers to restart mediation between Egypt and Ethiopia on Nile River water sharing
Trump to pardon former Puerto Rico governor Vazquez
Crude futures settle higher
U.S. dollar ticks up
Roundup: Drought, groundwater overuse trigger surge in sinkholes in central T�rkiye
US officials provide shifting accounts of ICE detainee death in Texas military camp
Russia's 2025 inflation stands at 5.59 pct

Others Also Read