
The most aggressive tariff move yet by the most tariff-obsessed president
CNN
President Donald Trump has kept his promise on tariffs — so much so that it’s freaking out investors, economists, CEOs and a growing segment of the population who fear the import taxes will do more harm than good.
On the campaign trail, President Donald Trump vowed to aggressively slap tariffs on US imports as a catch-all solution to almost any problem. Trump has kept his promise — so much so that it’s freaking out investors, economists, CEOs and a growing segment of the population who fear the import taxes will do more harm than good. But Trump’s tariff efforts so far might pale in comparison to what’s coming next. Although many details are unknown, perhaps even to Trump himself, the administration’s “Liberation Day” trade policy announcement is expected to be the most aggressive tariff move yet by the most tariff-obsessed president in modern history. Trump told reporters late Monday that he’d “settled” on a plan for sweeping new tariffs to be announced midweek, catching some White House officials by surprise: If the president had indeed arrived at a final decision for the tariffs, it hadn’t yet been widely shared inside the building. Still unclear is whether Trump plans to levy individual tariff rates on all US trading partners; put tariffs on only some countries; or apply a universal tariff — perhaps as high as 20% — on all imports. Trump’s advisers are publicly supportive of Trump’s tariff agenda, but they differ in approach and scope behind the scenes.

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