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Trump Team Studies Gradual Tariff Hikes Under Emergency Powers: Bloomberg

  • The dollar has fallen due to reports of gradual tariffs proposed by President-elect Donald Trump's economic team, which aims to boost negotiating leverage and avoid economic spikes.
  • Trump's team is discussing tariffs as a tool to protect U.S. Industries and generate revenue, potentially raising $450 billion annually.
  • Senate confirmation hearings for Trump's cabinet nominees will begin this week, focusing on controversial picks like Robert O'Brien.
  • Democrats are rejecting a proposal to attach wildfire aid to a federal debt limit increase, as reported by Politico.
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  • 47% of the sources are Center
47% Center
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Bloomberg broke the news in United States on Monday, January 13, 2025.
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