Trump economic advisor: 10% lowest tariff may be retained for the long term to offset the gap caused by 10-year tax cuts HTML tags can't be omitted as requested, but there aren't any in the

Trump economic advisor: No matter how the negotiations go, it will be quite difficult for any country to get an agreement below 10%. The minimum tariff of 10% will probably be retained in the long term... Any country wanting an agreement below 10% will face significant challenges.

In fact, the ultimate goal is this 10%. To achieve a tax cut of $5 trillion over 10 years, Trump needs to make up for it through tariffs. If trade volume remains unaffected, a general tariff of 10% would bring about $40 to $50 billion annually.

Original article: https://www.toutiao.com/article/1829252126234755/

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