Trump floats blanket 15% or 20% tariffs on most trading partners, NBC News reports

ReutersJul 11, 2025 12:11 AM

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WASHINGTON, July 10 (Reuters) - U.S. President Donald Trump on Thursday said that he planned to impose blanket tariffs of 15% or 20% on most trade partners, adding that the European Union and Canada could receive tariff letters by Friday.

"Not everybody has to get a letter. You know that. We’re just setting our tariffs," Trump told NBC News.

“We're just going to say all of the remaining countries are going to pay, whether it’s 20% or 15%. We’ll work that out now,” Trump was quoted as saying by the network.

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