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Trump aides float 20% tariff on most imports, Washington Post says (www.reuters.com)

submitted 8 months ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Summary

Trump is considering a sweeping 20% tariff on most U.S. imports, according to the Washington Post, as part of the upcoming reciprocal trade plan.

Trump has vowed to target all nations he claims treat the U.S. unfairly.

While no final decision has been made, officials are also discussing using expected tariff revenue for a tax refund or dividend.

Markets are awaiting full details, which Trump plans to announce Wednesday. The administration has already raised tariffs on steel, aluminum, autos, and all Chinese imports.

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[–] Bronzebeard@lemm.ee 5 points 8 months ago (1 children)

Speed running the inevitable Republican economy crash this time around.

[–] verdantbanana@lemmy.world 5 points 8 months ago

Don't forget the Democrat puppets who have been paid off to enable the Republicans