Wall Street Journal (gated) with the report on what seems to be far more aggressive tariffs approaching April 2 than Trump was letting on final week. WSJ citing unnamed sources:
Trump spent most of final week taking part in down expectations for his so-called reciprocal tariff plan on April 2, saying repeatedly that he can be “nicer” than his earlier pledges to equalize U.S. tariffs with these charged by different nations, and would take into account exempting some nations from tariffs altogether
However in latest days Trump has pushed his crew to be extra aggressive, encouraging them to plan plans that may apply increased charges of tariffs on a broader set of nations.
advisers have thought-about imposing world tariffs of as much as 20% that may hit nearly all U.S. buying and selling companions
reciprocal plan can also be nonetheless on the desk
administration official mentioned Trump is inclined to tariff each nation that the U.S. runs a commerce deficit
probably the ultimate motion shall be broader than earlier plans to prioritize levying tariffs on the U.S.’s largest buying and selling companions (the “dirty 15”)
contemplating unveiling a slate of recent industry-specific tariffs that might hit important minerals and merchandise that comprise them
