"Trump Considering 20% Tariff on Global Scale"

Uk Jin

Summary

The Wall Street Journal reported that President Trump is considering a 20% tariff on a global scale.
The Trump administration is debating whether to impose the same tariff on all countries trading with the United States, and President Trump is reportedly taking a strong stance on this measure.
It is expected that the International Emergency Economic Powers Act (IEEPA) will be used as the legal basis for this measure, according to officials.

President Donald Trump's tariff policy appears to be becoming more extensive and intense.

On the 30th (local time), the Wall Street Journal reported, citing sources, that the Trump administration is currently considering a 20% tariff on a global scale.

According to sources, there is an ongoing debate within the Trump administration about whether to impose individual tariffs on each country or to apply the same tariff to all countries trading with the United States, and recently, President Trump is said to be maintaining a strong stance on the latter.

Currently, administration officials expect President Trump's tariff rate to be 20%. An administration official said, "(President Trump) is willing to impose tariffs on all countries with which the United States has a trade deficit," and "a 'simple number' tariff rate could be applied to all countries."

Meanwhile, the Trump administration is expected to use the International Emergency Economic Powers Act (IEEPA) as the legal basis for this measure. This is the method previously used when imposing tariffs on Mexico and Canada.