Loading ...Trump Eyes Two-Stage Tariffs On April 2 To ‘Strengthen Legal Framework’: Report
As April 2nd approaches – the day President Donald Trump is set to roll out a global tariff regime, the Financial Times reports that Trump is now considering ‘a two-step approach,’ which would split tariffs into two stages; targeted emergency tariffs now to raise money for planned tax cuts, and more after his administration has completed probes into trading partners to provide a more robust legal framework to deploy “reciprocal” tariffs (we charge them the same percentage they’re charging us).
Basically while Trump and Lutnick want to go full bore now, US trade representative Jamieson Greer (a lawyer who worked for Trump’s first trade chief Robert Lighthizer), insisted they pump the brakes in order to legally justify sweeping tariffs.