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The Trump team is studying a progressive increase in tariffs, 2%-5% each month

The Trump team is studying a progressive increase in tariffs, 2%-5% each month

Bitget2025/01/13 23:27

According to foreign media citing informed sources, Trump's economic team is discussing gradually increasing tariff rates month by month. The gradual increase in tariffs aims to enhance negotiation chips while helping to avoid soaring inflation.

The insider said that one of the ideas is to establish a timetable for monthly increases of about 2% to 5% in tariffs and will follow the executive power under the US Emergency Economic Powers Act. The proposal is still in its early stages and has not yet been submitted to Trump, who has not evaluated or approved the idea of progressive tariffs.

Advisors involved in this plan include Treasury Secretary nominee Scott Bessent, National Economic Council Director nominee Kevin Hassett, and National Economic Advisory Council Chairman nominee Stephen Milan.

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