In meetings on Tuesday, Trump’s team continued to hash out their options ahead of a Rose Garden event scheduled to begin as US markets close at 4 p.m. on Wednesday, people familiar with the ongoing discussions said. The White House has not reached a firm decision on their tariff plan, said the people, who spoke on the condition of anonymity, even though Trump himself said earlier in the week that he had “settled” on an approach.
Several proposals are said to be under consideration, including a tiered tariff system with a set of flat rates for countries, as well as a more customized reciprocal plan. Under the first option, countries would see their goods face levies at either a 10% or 20% rate depending on their tariff and non-tariff barriers on US goods.
Rumors and whispers raced across Washington and Wall Street Tuesday, with less than 24 hours to go until Trump’s announcement, as companies, countries and the lobbyists paid to influence the president’s agenda tried to find out final details. The Wall Street Journal reported that Trump aides were studying a more targeted option, while Fox News said Tuesday that Trump was also still considering a flat 20% global tariff.
Amid all the speculation, the White House on Tuesday stayed silent on the details of Trump’s plan, ahead of the president’s formal announcement.
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