The U.S. is setting a “minimum baseline tariff rate” of 10 per cent, U.S. President Trump said on Wednesday, which means each country that charges tariffs on American goods will at least get a tariff rate of 10 per cent on its goods going into the U.S. Trump held up a chart while speaking, showing the United States would charge a 34% tax on imports from China and mentioned a list of around 200 countries and trading blocs, including the European Union, Vietnam, India and the United Kingdom, that will be facing the “reciprocal” tariffs.