US President Donald Trump, together with the Secretary of the Treasury Scott Bessent (L) and the secretary nominated for trade Howard Lutnick (R), signs the executive order to create an American wealth fund, in the Oval Office of White House February 3, 2025, in Washington.
Jim Watson AFP Getty images
The White House helpers developed a proposal that would apply tariffs of about 20% in most imports, Washington Post reported Tuesday.
The report cited three people familiar with this matter. He also said that the White House advisers warned that several options were still on the table, which means that 20% of the tariff may not occur. Another plan being considered is the “mutual” approach in the country around the country, according to the position.
The report appears the day before April 2, when President Donald Trump It is to announce its larger plans for global trade. The date appeared over Wall Street, where reserves are fighting partly due to uncertainty about the rapidly changing global trade policy.
Unlike tariffs already announced by the Trump administration, the new plan is expected to be more widespread and permanent, as opposed to focused on specific countries or industries. Trump and his advisers said that the goal is to make trade between the US and other more fair countries, while increasing the income for the federal government.
Some economists have warned that new tariffs can lead to slower economic growth and higher inflation, at least in a short period. It is also possible that the countries issued retaliation tariffs in response to the White House.
The developing trade war seemed to harm the trust of investors, consumers and business leaders in recent months. . S&P 500 fell by 4.6% in the first three months of the year, while technologically heavy NASDAQ composite fell by 10.4%. Consumer and business leaders' surveys have also shown growing uncertainty from the beginning of 2025.
The spokesman for the White House refused to comment on the post about his history.