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The Trump team is studying a gradual increase in tariffs, ranging from 2% to 5% per month
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2025-01-14 07:02 5,601
Golden Finance reported that according to foreign media citing people familiar with the matter, Trump’s economic team is discussing slowly increasing tariff rates month by month. The gradual increase in tariffs is intended to increase negotiating leverage while helping to avoid a spike in inflation. One idea is to develop a schedule of monthly incremental tariff increases of about 2% to 5% that would follow executive powers under the U.S. Emergency Economic Powers Act, people familiar with the matter said. The proposal is in its early stages and has not yet been submitted to Trump, who has not yet evaluated or approved the idea of ​​progressive tariffs. Advisers involved in the plan include Treasury Secretary nominee Scott Bessant, National Economic Council Director Kevin Hassett, and National Economic Council Chairman Stephen Millan.
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