The United States will soon impose new tariffs of 15% to 20% on exports from most countries that do not reach separate trade deals, President Donald Trump said on Monday.
His administration plans to notify around 200 countries of the new rates, which will replace the 10% tariff introduced in April.
Speaking at his resort in Turnberry, Scotland, alongside British Prime Minister Keir Starmer, Trump said the new “world tariff” will likely fall between 15% and 20%. He said this move was part of a wider effort to reduce the U.S. trade deficit and simplify the country’s trade system.
The U.S. has already announced tariff rates as high as 50% on exports from some countries, including Brazil, starting Friday. That deadline has prompted several governments to push for trade deals before the new rates take effect.
Over the weekend, the U.S. signed a trade agreement with the European Union. The deal includes a 15% tariff on most EU goods, $600 billion in European investments in the U.S., and $750 billion in U.S. energy exports to Europe over three years.
A $550 billion agreement with Japan was reached the week before, and smaller deals have been completed with Britain, Indonesia, and Vietnam. Negotiations with other countries, including India and Pakistan, are ongoing, but time is running short before the Friday deadline.
Trump said negotiating individual agreements with every country is not practical. He said the new global tariff would apply to nations that do not reach specific deals with Washington.
Canadian Prime Minister Mark Carney said talks with the U.S. were continuing, with Canada aiming to secure a lower tariff than the 35% rate announced on some Canadian goods. Canada sends about 75% of its exports to the U.S., and Carney said the country expects to face some level of tariffs under the new system.
