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Former Commerce Secretary says Trump unlikely to enact blanket tariffs

  • President Donald Trump has not yet enacted any new tariffs since taking office, despite businesses bracing for them.
  • Treasury Secretary Scott Bessent advocates for a gradual approach with exclusions, while Howard Lutnick supports blanket tariffs.
  • Trump's nominee, Ross, believes the threat of blanket tariffs is exaggerated and mentions potential exclusions for certain goods.
  • Ross indicated that Trump may use tariffs as a negotiation tactic, stating, 'Nobody really knows what he will do.
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Former Commerce Secretary says Trump unlikely to enact blanket tariffs

Since President Donald Trump won the election in November, businesses across the globe have been bracing for higher tariffs — a key Day One campaign promise the president made.

·Atlanta, United States
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KWWL broke the news in Waterloo, United States on Friday, January 31, 2025.
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