Trump seeks even more aggressive tariffs to fundamentally transform the US economy and eyes a single universal duty, report says


- President Donald Trump presses his employees to take a more difficult position on the definitions As part of an attempt to convert the American economy, the sources were told Washington Post. This can include a global tariff that strikes most imports without looking at the country of origin. Discussions come immediately before April 2, which Trump described as “liberation day”, when a batch of upcoming definitions is revealed.
As part of the effort to transfer the American economy mainly, President Donald Trump was pushing his employees to get more aggressive on the definitions, I told the sources Washington Post.
The report said that this may include a global tariff that reaches most imports, regardless of the country they belong to, adding that Trump is looking at one duty less likely to abandon exemptions.
Intensive discussions are continuing before April 2, which Trump described as “liberation day”, when a batch of upcoming definitions is revealed.
Currently, the “Dirty 15” plan for the Ministry of Treasury to put the customs tariff on 15 % of the countries that the administration considers to be the worst commercial partners mail.
“There are still a lot of options on the table. They are thinking about everything and trying to make the idea of mutual tariffs understanding the American audience and effective,” said Wilber Ross, the Minister of Trade in Trump during his first term, said. mail. “They are exploring each alternative properly in the hope of reaching the best possible solution.”
The White House did not immediately respond to a request for comment.
Trump has already slapped the definitions of China, Canada, Mexico, steel, aluminum and cars, with duties threatening medicines, chips, wood and the European Union.
He said that the mutual definitions will appear on April 2, however He suggested that he would show some “flexibility”. And before that Reports that this will be more targeted Wall Street hopes that its effect would be less severe.
But after the stocks rose, for him Announcing the tariff of cars On Wednesday, he contributed to another sale, which was also fueled by signs that the customs tariff was increasing inflation and consumer expectations for future inflation.
The President of the Federal Reserve at Chicago Austan Golsby recently warned this The forecasts of inflation can become a self -fulfilling prophecyThe Federal Reserve Chairman Boston Susan Collins said The inflation caused by customs tariffs “seems inevitable”, “ Adding that it is suspected that the central bank will maintain fixed prices for a longer period.
After their recent meeting in politics this month, federal reserve officials reduced their expectations for economic growth and raised inflation, which raised the “inflation”.
During, Consumer and companies polls They showed that they are increasingly turning from the economy amid incurable certainty and collective federal hairstyles. Even executives in Deep Red Countries The vote for Trump says that the working conditions are collapsing.
and Economists were holding on the standards of recessionWith some seeing up to a chance of 50-50 of stagnation.
Fitch classifications previously estimated that if Trump implemented all his plans, the United States’ actual tariff rate may reach 18 % on average- the highest level in 90 years.
Trump has admitted The Americans will feel “some pain” From its customs tariffs, but it is necessary to revitalize us to manufacturing and trade to re -balance to more favorable conditions.
While many companies have pledged to create more factories in the United States, Wall Street warned that the customs tariff aims to adjust the auto sector, which was closely integrated throughout Canada and Mexico, It will create chaos.
However, the White House said that the Trump administration is committed to delivering its vision to the American industrial base.
“America cannot be a collection of foreign parts-we must become a manufacturing force that dominates every step of supply from industries that are essential for our national security and our economic interests,” said Kush Desai. luck.
This story was originally shown on Fortune.com
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2025-03-29 17:30:00