Economy

Exclusive: Trump Administration Considers Sweeping 20% Tariff on Most Imported Goods

Trump's Bold Move on Trade

In a significant development, the Trump administration is reportedly drafting a proposal to impose tariffs of approximately 20% on the majority of imports into the United States. This move, as reported by The Washington Post, could mark a pivotal shift in the country's trade policy.

Decision Pending

According to sources within the administration, President Trump has been presented with multiple proposals and may delay his final decision until the day of the announcement. The president's indecision underscores the complexity and potential impact of such a tariff.

Reciprocal Tariffs on the Horizon

Trump has consistently advocated for "reciprocal" trade measures, suggesting that the tariffs would mirror those imposed by other countries on American exports. Notably, the administration has hinted that certain nations might be exempt from these new tariffs, adding another layer of intrigue to the unfolding trade strategy.