Trump Team Discusses Simplifying Peer-to-Peer Tariff Plan

BlockBeats News, March 18th: According to The Wall Street Journal, officials from the Trump administration are engaged in intense debates on how to implement Trump's commitment to equal tariffs. Sources familiar with the matter said that U.S. officials have recently been considering whether to simplify the complex task of setting new tariff rates for hundreds of U.S. trading partners, and instead divide countries into three tariff levels. They emphasized that the situation is still evolving and may change in the coming weeks. A government official familiar with the negotiation situation said that this proposal was later ruled out, and the Trump team is still working on how to implement personalized tariffs for each country.

Reportedly, last Thursday, White House Chief of Staff Meadows, Commerce Secretary Luttig, Treasury Secretary Benson, U.S. Trade Representative Grill, Deputy Director of Policy Miller, Office of Management and Budget Director Vought, as well as Trade and Manufacturing Policy Senior Advisor Navarro, participated in a meeting to discuss the simplified three-tier tariff proposal, namely low, medium, and high tariff rates. Officials discussed several proposals, including the three-tier plan. However, on Friday, when officials gathered again to discuss the plan, the tiered approach was excluded in favor of a personalized plan. The official stated that how to determine tariff rates is the current focus of the team's debate. (Xinhua Finance)