U.S. Commerce Secretary Howard Lutnick said Sunday that the administration of President Donald Trump would keep the 10% baseline tariffs on global imports for the "foreseeable future."

Commerce Secretary Howard Lutnick said Sunday that the United States anticipates “a 10 percent baseline tariff to be in place for the foreseeable future” for countries across the globe

Baseline global tariffs of 10% are likely to stay, Commerce Secretary Howard Lutnick said Sunday — but he insisted countries and businesses, and not consumers, would pay. Why it matters: Economists generally disagree, and sentiment surveys say consumers don't believe it, either.