White House aides have drafted a proposal for a 20% tariff on most imports, according to CNBC. Advisors cautioned that multiple options remain considered, and the 20% tariff plan may not advance. A separate country-by-country “reciprocal” tariff strategy is also being weighed. The news comes ahead of Trump’s scheduled April 2 trade announcement. Trump and his advisors argue the changes would promote fairer trade and boost federal revenue. Economists warn the plan could slow growth, raise inflation, and trigger retaliatory tariffs.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02The United States has drafted a proposal for a 20 percent tariff on most imports,
00:05according to CNBC. Advisors caution that multiple options remain under consideration
00:10and the 20 percent tariff plan may not advance.
00:13Separate country by country reciprocal tariff strategy is also being weighed.
00:17The news comes ahead of Trump's scheduled April 2nd trade announcement.
00:20Trump and his advisors argue that changes would promote fairer trade
00:24and boost federal revenue. Economists warn the plan could slow growth,
00:28raise inflation, and trigger retaliatory tariffs.
00:31For all things money, visit Benzinga.com slash GSTV.