Trump Mulls Sweeping Tariffs Ahead Of April 2 Trade Policy Announcement

Benzinga

White House aides have drafted a proposal for a 20% tariff on most imports, according to CNBC. Advisors cautioned that multiple options remain considered, and the 20% tariff plan may not advance. A separate country-by-country “reciprocal” tariff strategy is also being weighed. The news comes ahead of Trump’s scheduled April 2 trade announcement. Trump and his advisors argue the changes would promote fairer trade and boost federal revenue. Economists warn the plan could slow growth, raise inflation, and trigger retaliatory tariffs.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02The United States has drafted a proposal for a 20 percent tariff on most imports,

00:05according to CNBC. Advisors caution that multiple options remain under consideration

00:10and the 20 percent tariff plan may not advance.

00:13Separate country by country reciprocal tariff strategy is also being weighed.

00:17The news comes ahead of Trump's scheduled April 2nd trade announcement.

00:20Trump and his advisors argue that changes would promote fairer trade

00:24and boost federal revenue. Economists warn the plan could slow growth,

00:28raise inflation, and trigger retaliatory tariffs.

00:31For all things money, visit Benzinga.com slash GSTV.

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