Pres. Trump announced a new reciprocal tariff range of 15% to 50% on Wednesday following completion of trade deals with the Philippines, Indonesia, and Japan, and reports of progress on EU talks. Trump announced the new range during an AI summit, upping the baseline from the 10% announced in Apr. The high end is reserved for countries “we haven’t been getting along with,” according to Trump.

The Philippines deal emerged after a Tuesday White House meeting between Trump and Filipino Pres. Marcos, resulting in a 19% levy on Filipino goods and a ... Log in to view full article.