Hours before a midnight deadline, the White House announced its new trade policy, including its baseline tariffs for all countries. The administration said the “universal” tariff will remain at 10% for countries the US has a trade surplus with. Nations with which the US has a trade deficit face a 15% floor. CNN's Richard Quest explains why he thinks Trump's tariff deals may never come to fruition. n18oc_world n18oc_crux
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