WASHINGTON. U.S. President Donald Trump announced Tuesday that he plans to impose tariffs of over 10% on goods from smaller countries, including those in Africa and the Caribbean.
“We’ll probably set one tariff for all of them,” Trump told reporters, adding that it could be “a little over 10%” and would affect goods from at least 100 nations.
Commerce Secretary Howard Lutnick clarified that the affected countries would primarily be in Africa and the Caribbean. These regions conduct relatively modest trade with the U.S. and are not central to Trump’s broader aim of reducing trade imbalances.
Earlier this month, Trump sent letters to about two dozen countries and the European Union notifying them of tariff rates that would take effect on August 1. These rates closely match those announced on April 2, when Trump’s rollout of high import taxes triggered volatility in global financial markets. A 90-day negotiation window set by the administration expired on July 9.
Trump also said he would “probably” announce tariffs on pharmaceutical drugs by the end of the month. He added that the tariffs would start at lower rates, giving companies up to a year to establish U.S.-based manufacturing facilities before facing steeper taxes. A similar approach will be applied to computer chips, he said.
Edgardo Hernal started college at UP Diliman and received his BA in Economics from San Sebastian College, Manila, and Masters in Information Systems Management from Keller Graduate School of Management of DeVry University in Oak Brook, IL. He has 25 years of copy editing and management experience at Thomson West, a subsidiary of Thomson Reuters.
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