Proposal for New Tariffs Under Consideration

According to The Washington Post, the administration of US President Donald Trump is drafting a proposal that could see tariffs of around 20% imposed on the majority of imports into the country. This move, as reported on Tuesday, is based on insights from three individuals familiar with the ongoing discussions.

Decision Pending

Two administration officials have revealed that President Trump has been presented with "multiple" proposals regarding the tariffs. The final decision may be delayed until the announcement day, as the president has not yet made up his mind. Trump has made it clear that he will not engage in discussions about the proposed tariffs with other nations until they are officially implemented.

Reciprocal Tariffs Approach

President Trump has consistently emphasized that any new trade levies would be "reciprocal", matching the tariffs imposed by other countries on American exports. Additionally, there are indications that some countries might be exempt from these new tariffs, suggesting a selective approach to the policy.