Key Takeaways In an interview on Sunday, Commerce Secretary Howard Lutnick said a baseline 10% tariff will stay in place as trade talks continue. Economists say a broad 10% tariff on most imports could push up prices and have adverse effects on the economy.

President Donald Trump's trade policies have gone through many iterations over the past month, but his baseline 10% tariff on nearly all countries is here to stay, the White House said. "The president is committed to the 10% baseline tariff — not just for the United Kingdom,