President Trump has settled on a final plan for sweeping “reciprocal” tariffs, which are expected to take effect on Wednesday after he announces the details at an afternoon Rose Garden ceremony.
The White House press secretary, Karoline Leavitt, confirmed the timeline in a briefing with reporters on Tuesday, adding that Mr. Trump had been huddling with his trade team to hash out the finer points of an approach meant to end “decades of unfair trade practices.”
When pressed on whether the administration was worried the tariffs could prove to be the wrong approach, Ms. Leavitt struck a confident note: “They’re not going to be wrong,” she said. “It is going to work.”
The administration has been weighing several different tariff strategies in recent weeks. One option examined by the White House is a 20 percent flat tariff on all imports, which advisers have said could help raise more than $6 trillion in revenue for the U.S. government.
But advisers have also discussed the idea of assigning different tariff levels to countries depending on the trade barriers those countries impose against American products. They have also said that some nations might avoid tariffs entirely by striking trade deals with the United States.
Speaking to reporters in the Oval Office on Monday, Mr. Trump said the United States would be “very nice, relatively speaking,” in imposing tariffs on a vast number of countries — including U.S. allies — that he believes are unfairly inhibiting the flow of American exports.
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Source: Economy - nytimes.com
