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Incoming Trump administration explores pared down tariff plans - report


Published on 2025-01-06 08:40:46 - MSN
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  • President-elect Donald Trump's new administration is looking at tariff plans that are narrower in scope than what was outlined during the 2024 campaign, a Washington Post report said, citing unnamed sources. The plans would focus only on certain critical ...

The incoming Trump administration is reportedly considering a more targeted approach to tariffs, focusing on strategic sectors rather than broad-based increases, according to a report by Bloomberg. This shift aims to address concerns from business leaders and potentially mitigate the economic fallout from widespread tariffs. The plan includes targeting industries like electric vehicles, semiconductors, and solar equipment, which are seen as critical for national security and economic competitiveness. This nuanced strategy reflects an attempt to balance protectionism with the need to maintain good trade relations and avoid a trade war, while still fulfilling campaign promises to protect American industries. However, details on how these tariffs would be implemented or their exact scope remain undisclosed.

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