Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Economy

Trump aides, in shift, eye tariffs only for critical areas, Washington Post reports

admin by admin
January 6, 2025
in Economy
0
Trump aides, in shift, eye tariffs only for critical areas, Washington Post reports
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

WASHINGTON (Reuters) – U.S. President-elect Donald Trump’s aides are exploring tariff plans that would be applied to every country but only cover critical imports, the Washington Post reported on Monday.

The current discussions center on imposing tariffs only on certain sectors deemed critical to national or economic security, the report said, citing three people familiar with the matter. That would represent a marked shift from the promises Trump made during the 2024 presidential campaign.

European stocks and currencies rallied sharply on Monday after the report indicated Trump’s team was considering less aggressive tariffs, injecting optimism into regional markets.

Trump, a Republican who takes office on Jan. 20, had vowed to impose tariffs of 10% on global imports into the U.S. along with a 60% tariff on Chinese goods – duties that trade experts say would upend trade flows, raise costs and draw retaliation against U.S. exports.

A spokesperson for Trump did not immediately respond to a request for comment on the newspaper report.

The aides said the plans are in flux and have not been finalized, according to the newspaper.

It was not clear which sectors the tariffs would target.

Preliminary discussions have largely focused on several key sectors that the Trump team wants to bring back to the United States, the Post reported that the people said.

“Those include the defense industrial supply chain (through tariffs on steel, iron, aluminum and copper); critical medical supplies (syringes, needles, vials and pharmaceutical materials); and energy production (batteries, rare earth minerals and even solar panels),” two of the people said, according to the Post.

This post appeared first on investing.com

Previous Post

Axon Enterprises stock surged but faces one key risk

Next Post

U.S. Steel, Nippon sue against Biden blocking $14.9 billion deal

admin

admin

Next Post
U.S. Steel, Nippon sue against Biden blocking $14.9 billion deal

U.S. Steel, Nippon sue against Biden blocking $14.9 billion deal

Trending News

Mubadala Capital set to acquire CI Financial in $4.7 billion deal

Mubadala Capital set to acquire CI Financial in $4.7 billion deal

November 25, 2024
Microsoft is shutting down Skype: how Zoom and Microsoft’s own Teams sounded its death knell

Microsoft is shutting down Skype: how Zoom and Microsoft’s own Teams sounded its death knell

March 1, 2025
EM bond sales top $50 billion in cash dash to beat Trump – and Fed – surprises

EM bond sales top $50 billion in cash dash to beat Trump – and Fed – surprises

January 13, 2025
Subscribe to Insightful Word


    Recent News

    Chinese EV startups hit record May sales as price war squeezes rivals

    Chinese EV startups hit record May sales as price war squeezes rivals

    June 2, 2025
    India’s Maruti Suzuki sees no immediate impact from China rare earth magnet ban

    India’s Maruti Suzuki sees no immediate impact from China rare earth magnet ban

    June 2, 2025
    Tesla not interested in local electric vehicle production says India minister

    Tesla not interested in local electric vehicle production says India minister

    June 2, 2025
    Home Depot to cap foreign sourcing at 10% by 2026

    Home Depot to cap foreign sourcing at 10% by 2026

    June 2, 2025

    Recent News

    Chinese EV startups hit record May sales as price war squeezes rivals

    Chinese EV startups hit record May sales as price war squeezes rivals

    June 2, 2025
    India’s Maruti Suzuki sees no immediate impact from China rare earth magnet ban

    India’s Maruti Suzuki sees no immediate impact from China rare earth magnet ban

    June 2, 2025

    Latest News

    • Chinese EV startups hit record May sales as price war squeezes rivals
    • India’s Maruti Suzuki sees no immediate impact from China rare earth magnet ban
    • Tesla not interested in local electric vehicle production says India minister

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.