① Trump previously threatened to impose tariffs of 10% to 20% on all imported Commodities; ② According to informed sources, Trump's aides are still discussing plans to impose tariffs on Commodities from all countries, but the scope has clearly narrowed, with current discussions focusing on specific Industries that are considered critical to the USA's national or economic security.
According to a report from the China Finance Network on January 6 (Editor: Xia Junxiong), media reports citing sources reveal that USA President-elect Trump's aides are studying a tariff plan aimed at all countries but only covering key imported Commodities.
This is significantly different from the scope of the tariff plan proposed by Trump during the campaign. Trump previously threatened to impose tariffs of 10% to 20% on all imported Commodities. Many economists have warned that such a plan could lead to rising inflation in the USA again. Many Republicans in Congress may also oppose such an aggressive tariff plan.
According to informed sources, Trump's aides are still discussing plans to impose tariffs on Commodities from all countries, but the scope has clearly narrowed, with current discussions focusing on specific Industries that are considered critical to the USA's national or economic security.
It is still unclear exactly which imported products or Industries will face tariffs. It is reported that preliminary discussions mainly focus on several key Industries that the Trump team hopes to bring back to the USA, including the defense Industrial supply chain (by imposing tariffs on Steel, iron, Aluminum, and Copper), key Medical Devices (such as syringes, needles, vials, and pharmaceutical materials), and Energy production (such as Batteries, rare earth minerals, and CECEP Solar Energy panels).
Informed sources warn that Trump may soon change his mind, as the current tariff policy has not been finalized and the related plans are still being adjusted.
It should be noted that Trump has previously specifically mentioned imposing tariffs on countries like Mexico and Canada, and it is still unclear how these plans will be coordinated with the general tariff plan being discussed by Trump's team.
Although many Industry executives believe these measures are unlikely to be implemented and are just bargaining chips for negotiations, some informed sources indicate that these measures may be implemented alongside general tariffs targeting key Industries.
Even the revised tariff plan is very aggressive. If implemented, the Trump team's plan would be one of the biggest challenges to the Global trade order in decades.
Trump's advisers believe this initiative is necessary to bring manufacturing jobs back to the USA economy. However, this could provoke retaliation from other countries and increase costs for American consumers and businesses.
Editor/lambor