Trump's New Tariff Strategy: A Focus on Critical Imports

In a significant shift from his initial campaign promises, US President-elect Donald Trump is reportedly refining his approach to tariffs. According to a report by The Washington Post, Trump's transition team is considering a sector-based universal tariff aimed at industries critical to national security.

This revised strategy, as explained by sources close to the discussions, seeks to mitigate the potential negative impacts on consumer goods prices and supply chains. The focus is now on key sectors such as defense, medical supplies, and energy, moving away from the broader, more disruptive tariff framework previously proposed.

During his campaign, Trump advocated for a 10% to 20% tariff on all imports to bolster domestic manufacturing and reduce trade deficits. However, the transition team has yet to comment on these latest developments in their tariff planning.