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Team Trump Revises Strategy on Universal Tariffs, Targeting Key Industries

share-iconMonday, January 06 comment-icon2 weeks ago 5 views
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indiatimesINDIATIMES
Team Trump Revises Strategy on Universal Tariffs, Targeting Key Industries

Credited from: INDIATIMES

  • Two weeks ahead of President-elect Donald Trump’s inauguration, his team is reassessing the **universal tariff** plan initially proposed during the campaign.
  • Instead of a blanket **import tax** of up to 20%, advisers are now focusing on tariffs for specific critical sectors such as **defense, healthcare, and energy**.
  • This strategic shift aims to address inflation concerns and avoid backlash from Congress and voters by limiting cost increases.
  • The revised approach reflects a **sector-based universal tariff**, which is viewed as a more manageable starting point for their trade policy.
  • If enacted, these tariffs could significantly impact global trade relations, possibly provoking retaliatory measures from **international partners**.

For further details, read the full article here.

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