Trump open to lowering tariffs on some goods, raising others
Crypto Briefing
President Trump indicated openness to lowering tariffs on some goods while increasing them on others, amid business warnings about price hikes.Summary
President Donald Trump stated in a recent interview that he is open to adjusting his tariff policies, which could involve lowering tariffs on certain goods, citing coffee as a previous small carveout. He claimed these tariffs are successfully encouraging car companies to return to the US and that tariffs are bringing $18 trillion into the country. This potential shift comes as businesses warn that existing tariffs are leading to expected price increases as inventories run low. The administration has previously made trade adjustments, such as reducing tariffs on specific Chinese goods and moderating tariffs on imports from Canada and Mexico.
(Source：Crypto Briefing)