Hours earlier than a midnight deadline, the White House introduced its new commerce coverage, together with its baseline tariffs for all international locations. The administration stated the “universal” tariff will stay at 10% — the identical stage carried out on April 2 — for international locations the US has a commerce surplus with, which is most of them. Nations with which the US has a commerce deficit face a 15% flooring. CNN’s Richard Quest joins Erin Burnett to debate and clarify why he thinks Trump’s tariff offers won’t ever come to fruition. #CNN #News
