Trump Team Weighs Reducing Universal Tariffs, Reports Post

Advisors to President-elect Donald Trump are considering a tariff plan that would target all countries but focus on specific critical imports, as reported by the Washington Post, which referenced unnamed sources familiar with the discussions taking place.

If implemented, this strategy would signify a significant shift from the broad tariffs of 10% to 20% that Trump promoted during his campaign. Economists caution that this action could lead to higher consumer prices and disrupt international trade patterns.

While the precise industries or products under consideration are still uncertain, they are expected to emphasize those that Trump intends to revitalize within the United States, according to the report.

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Potential focus areas for Trump may include the defense industrial supply chain — imposing tariffs on steel, iron, aluminum, and copper — alongside essential medical supplies such as syringes, needles, vials, and pharmaceutical components. The Post also noted that Trump could consider tariffs on energy components like batteries, rare earth elements, and solar panels, citing two of their sources.

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