US President Donald Trump keeps minimum reciprocal tariff at 10% - Bloomberg
FXStreetJul 31, 2025 11:39 PM
The White House stated that US President Donald Trump will keep minimum global tariff rates at 10%, resisting prior suggestions he could raise the floor to 15% or higher, Bloomberg reported late Thursday.
Additional takeaways
US set a baseline tariff rate of 10%.
US set 20% tariff on goods from Taiwan, 39% from Switzerland.
US signs separate order increasing Canada rate to 35%
US to impose 19% tariffs on goods from Thailand and Cambodia.
Malaysia also lands at 19%. That rate is on par with what the Philippines and Indonesia got in their previously announced deals.
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