The White House is considering a proposal that would impose tariffs of approximately 20% on most imports, according to a report by The Washington Post on Tuesday.
Citing sources familiar with the discussions, the report notes that multiple options remain under review, and a final decision has not yet been made. One alternative under consideration is a country-specific “reciprocal” tariff approach.
The discussion comes ahead of President Donald Trump’s scheduled announcement on April 2, where he is expected to outline broader trade policies. Markets have been reacting to uncertainty surrounding potential changes in U.S. trade policy, with investors monitoring developments closely.
Unlike previous tariffs implemented by the administration, the proposed measures are expected to be more comprehensive and long-term. The stated goal of these policies is to adjust trade balances between the U.S. and other nations while generating additional federal revenue.
Some economists have expressed concerns that such tariffs could lead to slower economic growth and higher inflation in the short term. Additionally, there is potential for other countries to implement retaliatory measures in response.
Recent market trends suggest that ongoing trade discussions have influenced investor sentiment. The S&P 500 declined by 4.6% in the first quarter of the year, while the Nasdaq Composite saw a 10.4% drop. Surveys of consumers and business leaders have also indicated rising uncertainty since the start of 2025.
A spokesperson for the White House declined to comment on the report.
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