Investing.com — Members of President-elect Donald Trump’s economic team are reportedly discussing a plan to gradually increase tariffs, according to a report from Bloomberg, citing people familiar with the matter. The approach aims to enhance negotiation leverage and prevent a sudden surge in inflation. The proposal is in its preliminary stages and has not yet been presented to Trump.
The plan involves a schedule of graduated tariffs, which would increase by approximately 2% to 5% each month. The proposed tariff increases would be implemented under the executive authorities of the International Emergency Economic Powers Act.
The team working on this plan includes Scott Bessent, the nominee for Treasury Secretary, Kevin Hassett, who is set to be the director of the National Economic Council, and Stephen Miran, the nominee to lead the Council of Economic Advisers. The sources requested to remain anonymous due to the internal nature…
