Trump has said he is considering a 'world tariff' of 15-20% for most countries

Trump said Monday that most countries unwilling to strike individual trade agreements with the U.S. will soon face tariffs in the range of 15% to 20% on their exports—well above the blanket 10% tariff he introduced back in April.

Speaking to reporters at his luxury golf resort in Turnberry, Scotland, Trump said his administration would soon notify roughly 200 nations of their new "world tariff" rate.

“I would say it’ll be somewhere in the 15 to 20% range,” Trump said, seated alongside British Prime Minister Keir Starmer. “Probably one of those two numbers.”

Trump, who has long pledged to eliminate U.S. trade deficits by levying broad tariffs on virtually all trading partners, has already announced duties as high as 50% on select nations, including Brazil, starting this Friday.

The announcement has kicked off a frenzy of negotiations, with countries like India, Pakistan, Canada, and Thailand racing to secure reduced tariff rates.

On Sunday, Trump sealed a sweeping trade deal with the European Union featuring a 15% tariff on most EU imports, along with $600 billion in EU corporate investments in the U.S. and $750 billion in American energy exports over the next three years.

That deal came on the heels of a $550-billion agreement with Japan the week before, and smaller pacts with Britain, Indonesia, and Vietnam. Talks continue with other countries, including India, though hopes for more agreements before Friday’s deadline are fading.

Trump has made clear he prefers across-the-board tariffs to complex trade talks.

“We’re going to be setting a tariff for essentially the rest of the world,” he reiterated Monday. “And that’s what they’re going to pay if they want to do business in the United States. Because you can’t sit down and make 200 deals.”