Trump’s advisers are in intensive deliberations about the exact scope of the import duties to be imposed, which officials have described as affecting trillions of dollars worth of trade.
The option viewed as most likely, publicly outlined by Treasury Secretary Scott Bessent this month, would set tariffs on products from the 15 percent of countries the administration deems the worst U.S. trading partners, which account for almost 90 percent of imports. Trump has also moved forward with other tariffs that apply to imports from every country, but only on specific sectors. Trump applied 25 percent tariffs to all automobile imports on Wednesday and has suggested similar measures for the pharmaceutical and lumber industries, among others.
But Trump continues to muse to advisers that his administration should continue to escalate the trade measures and has in recent days revived the idea of a universal tariff that would apply to most imports, regardless of their country of origin, the people said, speaking on the condition of anonymity to describe private discussions.
Disclaimer
The information contained in South Florida Reporter is for general information purposes only.
The South Florida Reporter assumes no responsibility for errors or omissions in the contents of the Service.
In no event shall the South Florida Reporter be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of the Service or the contents of the Service. The Company reserves the right to make additions, deletions, or modifications to the contents of the Service at any time without prior notice.
The Company does not warrant that the Service is free of viruses or other harmful components
