Donald Trump is considering a two-step approach to his new tariff regime, deploying rarely used powers to impose emergency duties while probes into trading partners are completed.
The proposals the administration’s officials are debating would seek to ground the president’s “reciprocal” tariff regime in a more robust legal framework while enabling Trump to raise money for planned tax cuts, said people familiar with the discussions.
Trump has pledged to unveil his new tariffs on April 2, dubbing the event “liberation day”, and prompting a race by foreign countries to lobby his administration’s top officials for exemptions.
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