Trump eyes for major escalation in global trade war, presses advisers for tariff escalation ahead of April 2: Report

3 weeks ago


Mar 29, 2025 04:32 PM IST

Trump is urging senior advisers to take a more aggressive stance on tariffs as he prepares for a major escalation in its global trade war, the WaPO reported.

US President Donald Trump is urging senior advisers to take a more aggressive stance on tariffs as the administration prepares for a major escalation in its global trade war, the Washington Post reported on Saturday, citing four people familiar with the matter.

Trump has continued to tell his advisers that he wants to keep increasing trade measures, and in recent days, he has brought back the idea of a universal tariff that would apply to most imports, no matter which country they come from, according to the report.(Reuters)
Trump has continued to tell his advisers that he wants to keep increasing trade measures, and in recent days, he has brought back the idea of a universal tariff that would apply to most imports, no matter which country they come from, according to the report.(Reuters)

Despite calls from allies on Wall Street and Capitol Hill to adopt a more measured approach, Trump has been pushing for sweeping trade actions aimed at reshaping the U.S. economy, the report said.

Trump has continued to tell his advisers that he wants to keep increasing trade measures, and in recent days, he has brought back the idea of a universal tariff that would apply to most imports, no matter which country they come from, according to the report.

The White House did not immediately respond to a request for comment.

Trump has expressed regret over not implementing broader tariffs during his first term and has blamed advisers for persuading him to pull back, the Post said, adding it remains unclear how seriously the idea of a universal tariff is being considered.

The president has told advisers that tariffs are a win for the United States, bringing back manufacturing jobs and adding trillions in government revenue, according to the Post.

Earlier on Friday, Trump said that he was open to carving out deals with countries seeking to avoid U.S. tariffs but those agreements would have to be negotiated after his administration announces reciprocal levies on April 2.

Keep exploring EU Venture Capital:  RBI’s policy shift and global trade tensions drive Indian Rupee's depreciation against the US dollar: UBI Report



Source link

EU Venture Capital

EU Venture Capital is a premier platform providing in-depth insights, funding opportunities, and market analysis for the European startup ecosystem. Wholly owned by EU Startup News, it connects entrepreneurs, investors, and industry professionals with the latest trends, expert resources, and exclusive reports in venture capital.

Leave a Reply

Your email address will not be published.

Don't Miss

Global Payments shares plunge 17% on $24 billion Worldpay deal

The Global Payments Company logo seen displayed on a smartphone. Igor Golovniov

DABO Conference Explores Technology-Driven Opportunities in Africa – Darden Report Online

Global business leaders described the boundless opportunity and enduring challenges of starting