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IPC Index — Mexico MarketUS President Donald Trump weighs broader, higher tariffs – WSJ
US President Donald Trump’s administration is hurrying to determine the specifics of its new tariff agenda ahead of its self-imposed deadline of Wednesday, considering possibilities after promising to remake the American economy with a slew of new levies, the WSJ citing unnamed sources.
According to people familiar with the discussions, one key point of debate is whether to impose individualized tariff rates for US trading partners, as Trump has hinted in recent weeks, or to stick to his campaign promise of an across-the-board tariff that would affect nearly every country doing business with the US. Advisers have considered imposing global tariffs of up to 20% that would hit virtually all US trading partners.
Trump is also considering implementing a series of new industry-specific tariffs that could hit crucial minerals and products containing them.
Market reaction
At the time of writing, the Gold price (XAU/USD) is trading 0.13% higher on the day to trade at $3,088.
