Trump is pressing the nuclear option on tariffs

Quick Summary:

The option of a 20% universal tariff is the only way to get to some of the massive revenues of trillions of dollars claimed by some of his advisers.

That doesn't rule out wide-scale imposition of tariffs at 10 or 20%, if, for example, the US deems that Value Added Taxes are tariffs.

The hit to US business in Europe, for example, could be offset by cheaper electronics, clothes, and toys from the East arriving in the UK and lowering prices, diverted from the US market.

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Article Details

Category: Business

Markets: United KingdomChina

Topics: Been System Tariffs Equivalent Global Time Trade Universal President Tariff

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-01 @ 23:02:27 (1 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 613 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 27525211

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Official Website: bbc.co.uk

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News Last Updated: 8 hours ago

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