Trumpās Tariffs: 10% Anger Tax, Discount Edition
President Trump just confirmed that starting Friday, imports will face a 'tariff rate of 10%' ā the global baseline he promised would stay put, much to the relief of those who braced for a scary 20%. The government, after dragging its feet for months, published a list with rates for about 70 countries, lowering some from the April charges to a more 'friendly' 15%. Switzerland and Congo got a wake-up call with hikes, while everyone else is stuck with the 10% 'everyone gets a participation trophy' rate. As Axios put it, 'The baseline tariffs went into and stayed in effect, but the reciprocal tariffs were paused. Those are mostly resuming Friday.' Who knew global trade was just a very slow game of tariff whack-a-mole?
Share the Story
Trumpās tariffs are like that friend who promises to keep it chill but then gently nukes your imports with a polite 10% fee. Because nothing says 'global cooperation' like a worldwide econ-slow-mo panic.
Global tariffs just got an all-you-can-punish buffet slashed from apocalypse to mild annoyance. Switzerland and Congo clearly missed the group memo that says '10% or less, please!'
If tariffs were a traffic cop, Trump just gave them a donut and said, 'Do your worst, but keep it friendly.' Welcome to the 10% speed limit where nobody wins but the accountants.
Source: Axios | Published: 7/31/2025 | Author: Ben Berkowitz
More Articles in Politics
Senateās Weekend Homework: Ending Shutdown Like Itās Rocket Science
Trumpās $2K Tariff Gift: Debt Slashing or Legal Dumpster Fire?
Trumpās $2,000 Tariff Giveaway ā Except If Youāre Rich, Obviously
Shutdown Blocks $5B WeaponsāNATO Left Holding Missiles
BBC Edits Trump Speech Like Prison Riot Director
