Economy

Exclusive: White House Considers Imposing 20% Tariff on Most Imported Goods

White House Drafts Proposal for Significant Import Tariffs

In a move that could reshape international trade, the White House, under President Donald Trump, is reportedly drafting a proposal to impose tariffs of around 20% on the majority of imports to the United States. This development, as reported by The Washington Post, signals a potentially aggressive stance on trade policy.

Decision Pending as Trump Weighs Options

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 has emphasized that any tariffs implemented would aim to be "reciprocal", matching those imposed by other nations on American exports.

Potential Exemptions on the Horizon

While the administration is considering broad tariffs, there are indications that some countries may be exempt. This nuanced approach suggests a strategic effort to balance aggressive trade measures with diplomatic considerations.