Tariffs would be applied to every country but cover only critical imports, three people familiar with the matter said - a key shift from Trump’s plans during the 2024 presidential campaign.
By Jeff Stein, The Washington PostTrucks enter the United States from Mexico at the Laredo Port of Entry in Laredo, Texas.
Two weeks before Trump takes office, his aides are still discussing plans to impose import duties on goods from every country, the people said.
Among those leading the internal planning is Vince Haley, a top Trump campaign aide slated to run the White House Domestic Policy Council; Scott Bessent, tapped to be Trump’s treasury secretary; and Howard Lutnick, the commerce secretary pick, the people said. Even the revamped plans are strikingly aggressive. The Trump team’s plans would, if put into effect, amount to one of the biggest challenges in decades to the global trade order. Trump’s advisers view this effort as necessary to bring manufacturing jobs back to the U.S. economy, but it could invite retaliation from the rest of the world and drive prices up for consumers and businesses alike.
“If you put tariffs on every country in the world, it’s not like we can import from Mars,” said Kimberly Clausing, who served as a top economist in President Joe Biden’s Treasury Department and is now at UCLA and the Peterson Institute for International Economics, a Washington-based think tank. Clausing said that a majority of U.S. imports are for intermediate goods in firms’ supply chains, not for finished products. “So we’d be making it much more expensive for a U.S.
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