Trump Proposes Universal Tariffs to Combat Foreign Economic Exploitation
January 21, 2025During a press conference at the White House on January 20, 2025, President Donald Trump suggested the possibility of implementing universal tariffs.
He expressed concern that foreign countries are exploiting the U.S. economy, claiming they are stealing wealth, jobs, and companies.
The President emphasized that tariffs could serve as a protective measure to prevent this foreign exploitation of American businesses.
However, Trump acknowledged that the United States is not currently ready to implement such tariffs, indicating it may be a consideration for the future.
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Source
Investing.com • Jan 21, 2025
Trump floats idea of universal tariff but says US not ready for it yet