Trump denies report that his team is eyeing pared-back tariffs

Reuters in the Globe and Mail
January 6, 2025
Category: Business & Politics
Region: Canada, United States

U.S. President-elect Donald Trump on Monday denied a newspaper report that said his aides were exploring tariff plans that would only cover critical imports. …The Washington Post, citing three sources familiar with the matter, reported earlier Monday that Trump aides were exploring tariff plans that would be applied to every country but only cover certain sectors deemed critical to national or economic security, in what would represent a marked shift from the promises Trump made during the 2024 presidential campaign. European stocks and currencies had rallied sharply on Monday. …Preliminary discussions have largely focused on several key sectors that the Trump team wants to bring back to the United States, the Post reported. “Those include the defense industrial supply chain (through tariffs on steel, iron, aluminum and copper); critical medical supplies; and energy production (batteries, rare earth minerals and even solar panels),” two of the people said, according to the Post.

Read More