Let's talk about the last week and particularly on Friday. There is now a new baseline tariff of 10%. Why did we start with 10% when the President appears to want 15? So The authority that we're using right now, which is a temporary 150 day authority. that's five months, 150 days. And we have a lot of countries out there that for a long time have had 10%. We have some that have higher at 15%. (00:12–00:18)
CLAIM
Asserts that the current tariff authority is temporary and lasts 150 days.
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