Trump denies report that his team is eyeing pared-back tariffs

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Trump denies report that his team is eyeing pared-back tariffs

^{Published on 2025-01-06 18:40:47 - Reuters}

U.S. President-elect Donald Trump on Monday denied a newspaper report that said his aides were exploring tariff plans that would only cover critical imports, deepening uncertainty among business leaders about future U.

The article from Reuters, published on January 6, 2025, discusses how former President Donald Trump's aides are focusing on implementing new import duties as part of his potential 2024 presidential campaign strategy. According to The Washington Post, these aides are targeting critical areas for imposing tariffs, aiming to protect U.S. industries and reduce the trade deficit. The plan includes revisiting and possibly expanding Trump's previous trade policies, which involved significant tariffs on goods from China and other countries. This approach is seen as an attempt to appeal to voters by showcasing a tough stance on trade, potentially affecting global trade relations and domestic prices. The aides are reportedly working on detailed proposals to ensure these policies can be quickly enacted if Trump wins the election.

Read the Full Reuters Article at:
[ https://www.reuters.com/markets/us/trump-aides-target-critical-areas-import-duties-washington-post-reports-2025-01-06/ ]

Contributing Sources

Reuters

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Trump denies report that his team is eyeing pared-back tariffs