Trump tells advisers to be more aggressive in trade war and mulls universal tariff, report says [View all]
Source: The Independent
Saturday 29 March 2025 17:08 EDT
President Donald Trump is urging senior advisers to adopt a more aggressive stance on tariffs as the administration prepares for a major escalation in its global trade war, The Washington Post reports, citing four individuals familiar with the matter. Despite worries from allies on Wall Street and Capitol Hill about the impact of tariffs and calls for a more measured approach, Trump continues to advocate for sweeping trade actions under the belief that it will be beneficial for the American economy.
He believes tariffs will both generate trillions of dollars in government revenue and revitalize domestic manufacturing. Economists warn that sweeping taxes on imported goods will ramp up inflation, and those costs will hurt American consumers. The stock market has fallen with each restatement of the president’s wishes.
The Post reports that the president has repeatedly told his advisers that he wants to increase trade measures against U.S. trade partners and allies and, in recent days, he has revived the idea of a universal tariff that would apply to most imports, regardless of their country of origin.
Trump regrets not implementing broader tariffs during his first term and has blamed advisers for holding him back from doing so, the Post said, adding that it remains unclear how seriously the concept of a universal tariff is being considered. On Friday, the president said that he was open to negotiating deals with countries to avoid the new levies on imports; however, those agreements would need to be discussed after his administration announces reciprocal tariffs on April 2 — which he has dubbed “Liberation Day.”
Read more: https://www.the-independent.com/news/world/americas/us-politics/trump-universal-tariffs-trade-war-liberation-day-b2723892.html
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