President Trump’s inner circle is finalizing plans for sweeping 20% tariffs on most U.S. imports, with the goal of using trillions in projected revenue to fund a “tax dividend” or direct refund to American households, according to sources speaking to the Washington Post.
The proposal, expected to be unveiled on April 2 — “Liberation Day”, could redefine U.S. trade policy overnight.
“The president’s team is debating whether to apply a flat rate or tailor tariffs country by country,” said one official.
A Trillion-Dollar Gamble?
The White House believes tariff revenue could fund direct benefits for American voters, reshaping the political optics of protectionism.
But not everyone is buying it.
“It’s a recession risk wrapped in populism,” said one trade economist. “You don’t fix the economy by taxing everything that comes into it.”
Markets Brace for Impact
- Tariff rate: ~20% on most imports
- Scope: Broad, not limited to adversarial nations
- Target: Revenue generation + economic nationalism
- Expected date: April 2, 2025
Trump officials have framed the plan as a way to level the playing field and repatriate production. Critics warn it could raise prices, slow growth, and spark retaliatory tariffs abroad.
If finalized, this will be the most aggressive trade shift since 2018 — but this time, it’s not just about leverage. It’s about converting tariffs into political capital ahead of 2026.
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