Trump Plans “Trillions” In Tariffs On Most Countries

The Washington Post reports:

White House aides are preparing to impose new tariffs on most imports on April 2, laying the groundwork for an escalation in global economic hostilities that President Donald Trump has called “Liberation Day.”

Through his first two months in office, the president has raised tariffs on roughly $800 billion in imports from China, Mexico and Canada, although estimates vary widely. These tariffs have sent the stock market careening and raised the risks of a U.S. recession, while inviting retaliation against domestic industries by trade partners.

Despite the blowback, senior Trump advisers are now publicly pledging to create a new tariff regime that would impose new duties on trade with most countries that trade with the United States. A person familiar with internal planning, speaking on the condition of anonymity to reflect private deliberations, confirmed administration officials are preparing tariffs on “trillions” of dollars in imports.

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