Commerce Secretary Howard Lutnick said Sunday that the 10% baseline tariff rate on imports from other countries is likely to “be in place for the foreseeable future,” echoing President Donald Trump’s comments from days prior. “We do expect a 10% baseline tariff to be in place for the foreseeable future,” Lutnick told CNN’s Dana Bash on ‘State of the Union.’ The commerce secretary rejected the idea that consumers would take on increased costs caused by the tariffs, insisting that business and countries will pay. But data suggests that businesses are already trying to pass costs onto consumers, and consumer confidence ... (full story)