White House aides have drafted a proposal for a 20% tariff on most imports, according to CNBC. Advisors cautioned that multiple options remain considered, and the 20% tariff plan may not advance. A separate country-by-country “reciprocal” tariff strategy is also being weighed. The news comes ahead of Trump’s scheduled April 2 trade announcement. Trump and his advisors argue the changes would promote fairer trade and boost federal revenue. Economists warn the plan could slow growth, raise inflation, and trigger retaliatory tariffs.
