Trump Strengthens Tariff Strategy Ahead of Liberation Day
Former President Donald Trump is pushing his top advisers to reinforce his tariff policy before “Liberation Day.” Set for April 2, this date could mark a crucial turning point in his global trade war. Sources indicate that the White House is planning a significant offensive on this front.
Resistance from Wall Street and Congress
Despite warnings from allies on Wall Street and Capitol Hill, Trump insists on radical measures to reshape the U.S. economy. His advisers are debating the scope of new tariffs, which could impact transactions worth trillions of dollars.
New Tariffs and Their Implications
Treasury Secretary Scott Bessent recently outlined a strategy targeting products from the worst U.S. trade partners, covering 90% of imports. Additionally, Trump has imposed a 25% tariff on automotive imports and is considering similar measures for the pharmaceutical and lumber industries.
Impact on Markets and the Economy
These decisions have fueled uncertainty, leading to stock market declines and stoking fears of a recession. Economists warn about the risks of an aggressive tariff policy in a fragile economic environment.
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Trump Weighs a Universal Tariff
The former president is also considering a blanket tariff on all imports, arguing that it would strengthen U.S. manufacturing and boost federal revenue. However, doubts persist about the feasibility of this proposal.
Divisions Within the Republican Party
While some allies see tariffs as a negotiation tool, others fear their long-term impact on economic growth. Republican lawmakers have voiced concerns about fiscal consequences and potential disruptions to the 2017 tax reform.
Outlook and Potential Consequences
Trump aims to balance his tariff policy between trade pressure and revenue collection. However, uncertainty is creating tension among investors, farmers, and legislators. As April 2 approaches, his strategy could shape the future of the U.S. economy.
