Trump Team Mulls Narrowing Universal Tariffs, Post Reports

Aides to President-elect Donald Trump are considering a tariff plan that would apply to all countries but be limited to specific critical imports, the Washington Post reported, citing three people familiar with the discussions who it didn’t identify.

If implemented, the plan would mark a significant narrowing of the universal tariffs of 10% to 20% that Trump had proposed during his campaign, a move economists expect to drive up consumer prices and distort patterns of global trade.