U.S. Signals Wave of Trade Deals While Holding Firm on 10% Tariff

The United States is preparing to unveil dozens of new trade deals in the coming months while maintaining a 10% universal tariff, according to Commerce Secretary Howard Lutnick. Speaking in two interviews on Thursday, Lutnick emphasized that while the Trump administration is pursuing multiple trade pacts, the blanket tariff will remain a core policy.

Lutnick’s remarks followed President Donald Trump’s announcement of a framework trade agreement with the United Kingdom, which was hailed as a major step forward. In an interview with CNBC, Lutnick stated that deals with key economies—including the European Union, Japan, and India—are expected before Trump’s July deadline for enforcing reciprocal tariffs.

“The 10% tariff stays,” Lutnick confirmed, noting it remains a part of the U.S.-UK deal. In a separate Fox News appearance, he added that the administration is focused on securing comprehensive deals with major countries, including one from Asia. “I don’t want to go fast. I want to do it correctly,” he said, stressing that quality trade agreements take time.

The comments come amid ongoing global trade negotiations. In April, Trump proposed steep tariffs on several major U.S. trade partners but delayed implementation by 90 days to allow room for diplomacy. Meanwhile, U.S. and Chinese officials are scheduled to meet in Switzerland this weekend for high-stakes talks.

Trump reiterated that tariffs on China would not exceed 145% and are expected to decrease over time. Financial markets responded positively to the progress, with investors welcoming the U.S.-UK deal and Trump’s measured tone on future trade moves. Market optimism has grown despite prior concerns over economic uncertainty tied to shifting trade policy.