CNN Central News & Network–ITDC India Epress/ITDC News Bhopal: Former U.S. President Donald Trump has signaled that his proposed 10% baseline tariff on all imported goods may include certain strategic exceptions. This statement marks a potential shift in his broader trade policy agenda, which aims to reduce the United States’ dependence on foreign imports and revitalize domestic manufacturing.
Trump, who is currently campaigning for a return to the White House, suggested that exemptions might be granted to key allies or sectors where strict tariffs could harm American consumers or businesses. While the proposed universal tariff has drawn both praise and criticism, the introduction of exceptions could soften its economic impact and make it more politically viable.
Analysts note that this move might be aimed at balancing economic nationalism with global diplomatic relationships. Critics argue that even a 10% blanket tariff could provoke retaliatory measures, raise consumer prices, and strain global supply chains. However, Trump maintains that the measure would strengthen the U.S. economy, create jobs, and reduce trade deficits. The possibility of exceptions indicates a more flexible approach to what was initially pitched as a rigid policy. Economists and trade partners alike will be watching closely for further clarification as the 2024 campaign season unfolds.
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