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

[mahatmakanejeeves]

Source: Reuters

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

By Andrea Shalal
January 6, 20251:41 PM ESTUpdated an hour ago

Summary
• Trump debunks Washington Post report saying aides looking at tariffs that focus on critical sectors
• Plan would mark shift from Trump's promises made during presidential campaign
• Markets rise on prospect of less aggressive tariffs

WASHINGTON, Jan 6 (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.S. trade policies.

Trump responded on his Truth Social platform after the Washington Post cited three sources familiar with the matter as saying that Trump aides were exploring a narrower approach to tariffs, focused on certain critical sectors. … "The story in the Washington Post, quoting so-called anonymous sources, which don't exist, incorrectly states that my tariff policy will be pared back. That is wrong. The Washington Post knows it's wrong. It's just another example of Fake News," he wrote in a post on Truth Social.

The Washington Post had reported that Trump aides were exploring tariff plans that would be applied to every country but only cover certain sectors deemed critical to national or economic security, in what would have represented a marked shift from promises Trump made during the 2024 presidential campaign.

U.S. and European stocks rallied sharply on Monday after the newspaper report, and remained up despite Trump's denial. The U.S. dollar pared declines against a basket of other currencies following the Trump statement.

{snip}

Read more: https://www.reuters.com/markets/us/trump-aides-target-critical-areas-import-duties-washington-post-reports-2025-01-06/

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Here’s the link to the WaPo story. I’ve been unsubscribed.

https://www.washingtonpost.com/business/2025/01/06/trump-tariff-economy-trade/

[William Seger]

1. How would DonOld know what his administration is eyeing?

[bucolic_frolic]

2. "Markets rise on prospect of less aggressive tariffs"

Many a president has been tamed by bond and stock markets.

[William Seger]

3. "...certain sectors deemed critical to national or economic security" of our oligarchs

I smell a muskrat.

[groundloop]

5. Yep.... the oligarchy has arrived.

[Mz Pip]

7. Translation

Whatever corporations donate bigly to his PAC will be spared. Probably the same with the deportations, too.

[DallasNE]

11. Pay To Play

It works every time. And now on to tax cuts for the oligarchy class.

[Ray Bruns]

4. Fucking liar. Because this is what you did during your last administration shit head.

[C Moon]

6. I said this before, if it's anything like his last term, he'll just keep talking about it, but never do it.

I'm so glad.

[sdfernando]

9. It will be just like infrastructure week....hopefully!

a constant drone of "two-weeks"

[SWBTATTReg]

10. Yes, idiot promises everything, and then backtracks on his promises, just like before. Hypocrite.

[eppur_se_muova]

8. Never really believe anything ... until Trump denies it.

There's no more certain confirmation.