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Trump Renews Threat of Universal Tariff

“We’re going to protect our people and our businesses, and we’re going to protect our country, with tariffs.”

By Stephanie Lai and Billy House and Josh Wingrove | January 29, 2025 at 06:38 PM
A container ship arrives in Miami Beach, Florida. Photographer: Eva Marie Uzcategui/Bloomberg.

President Donald Trump said that he wants to impose across-the-board tariffs that are “much bigger” than 2.5 percent. This is the latest in a string of signals that he’s preparing widespread levies to reshape U.S. supply chains.

“I have it in my mind what it’s going to be, but I won’t be setting it yet, but it’ll be enough to protect our country,” Trump told reporters Monday night. Asked about a report that incoming Treasury Secretary Scott Bessent favored starting with a global rate of 2.5 percent, Trump said he didn’t think Bessent supported that and wouldn’t favor it himself. He said he wanted a rate “much bigger” than 2.5 percent.

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