Donald Trump's tariff plans still in limbo ahead of Rose Garden event

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Donald Trump's tariff plans still in limbo ahead of Rose Garden event - Business Standard

Quick Summary:

Amid all the speculation, the White House on Tuesday stayed silent on the details of Trump’s plan, ahead of the president’s formal announcement.

President Donald Trump’s deliberations over his plans to impose reciprocal tariffs are coming down to the wire, with his team said to be still finalizing the size and scope of the new levies he is slated to unveil on Wednesday afternoon.

Regardless of the approach Trump ultimately settles on, the levies could apply widely, even to countries with which the US doesn’t have a trade imbalance, and they are expected to amount to one of the the biggest new import taxes in US history.