US EditionTrump 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.
52 Articles
52 Articles
Trump's Team Considers Gradual Tariff Increases Under Emergency Powers
Trump’s team explores a plan for gradual tariff increases, utilizing powers from the International Emergency Economic Powers Act. Sources indicate that Trump proposed minimum tariffs of 10% to 20% on all imported goods and over 60% on shipments from China. Advisors consider a tiered tariff program that would raise tariffs by 2% to 5% monthly. […]
Members of the incoming economic team of the President-elect, Donald Trump, are discussing slowly increasing tariffs month by month, a gradual approach aimed at increasing the influence of negotiation while helping to avoid an upturn in inflation, according to people familiar with the issue.An idea involves a schedule of graduated tariffs that increase between 2 percent and 5 percent per month, and would be based on executive authorities under t…
Donald Trump's economic team is considering a monthly increase in customs fees between 2% and 5% to limit the surge in inflation
Mexico City.- The Mexican peso was appreciated this Tuesday, after versions that Donald Trump's team would be analyzing to implement a gradual increase in tariffs to avoid an impact on inflation. In the international market, the exchange rate was quoted at 20,5918 pesos per dollar, with a profit of 0.28 percent for the Mexican currency compared to Monday's LSEG reference price, when it weakened to 20,8700 units, its worst level so far this year.
News24 Business | Rand stabilises, dollar stumbles on report Trump team is mulling gradual tariffs
The dollar fell against almost every major currency and US Treasury yields dropped after Bloomberg News reported that Donald Trump's incoming economic team is considering gradual hikes in tariffs.
Ukraine's allies in Europe have become cautiously optimistic that US President-elect Donald Trump will not force Kiev into premature negotiations with Russia, writes Bloomberg.
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