https://finance.yahoo.com/news/trump-says-hell-impose-huge-020716511.html
Trump says he'll impose huge new tariffs if elected in 2024
Donald Trump's return to the White House could bring about seismic changes to US trade policy, as the Republican frontrunner proposed setting up a universal tariff on imports entering the country.
He also proposed a "matching tax" on certain countries that would be equivalent to high tariffs on US products.
While Trump laid out the idea of a universal tariff months earlier, he appeared to get more specific last week.
"I think when companies come in and they dump their products in the United States, they should pay automatically, let's say a 10% tax," he told Fox News on Thursday. "That money would be used to pay off the debt. It's a massive amount of money."
He later added, "I do like the 10% for everybody."
Trump aides told the Washington Post that a tariff percentage has not yet been determined, with other sources saying that it's an ongoing discussion among his inner circle.
The former president also proposed what he called a "matching tax" on countries that impose high tariffs on US products, particularly if the foreign tariffs greatly exceed what Trump envisions for a US tariff.
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