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When asked if a 10% baseline tariff was going to stay irrespective of any country, Lutnick said: “I think that stays.”
“Now if they really open their market, if they really go to town and say ‘look we really want to get to fair and balanced trade with America,‘ then the best they can do is 10%. Most likely, they’ll be higher but the best they can be is 10%,“ he said.
Lutnick also said Washington aimed to de-escalate tensions with China through upcoming trade talks.
When asked about reporting that Trump urged a raise in tax rates on the wealthiest Americans, Lutnick said he supported that.
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