Reported about 23 hours ago
Members of President-elect Donald Trump's economic team are considering a gradual increase in tariffs, aimed at enhancing negotiation power and minimizing inflation risks. The approach involves a monthly increase of around 2% to 5%, relying on emergency powers under the International Emergency Economic Powers Act. Although the proposal has not yet reached Trump, it reflects ongoing deliberations among key advisers. The uncertainty surrounding these tariff changes has caused fluctuations in the stock market and raised concerns about inflation among investors.
Source: YAHOO