The Wall Street Journal report that the US Treasury has prepared another option for Trump to consider:
- across the board tariff increase
- on a subset of nations
- would not be as high as 20%
The Journal cite “people with knowledge of the plans” for the new info.
Pardon my surprise, but a totally new plan being floated this close to the announcement is seat-of-the-pants stuff.
I know there is intense focus on “April 2!!!” but what’s the betting that within days we’ll get a whole new set of tariff ideas being pumped out with an announcement set for a few more days in the future. Rinse, repeat after that too.
As we all know death and taxes are the only certainties. Settling on a tariff plan sure ain’t.
This article was written by Eamonn Sheridan at www.forexlive.com.
