{"id":2394632,"date":"2025-01-24T06:56:58","date_gmt":"2025-01-24T11:56:58","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-back-in-white-house-readies-tariff-plan-washington-examiner\/"},"modified":"2025-01-24T06:59:39","modified_gmt":"2025-01-24T11:59:39","slug":"trump-back-in-white-house-readies-tariff-plan-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-back-in-white-house-readies-tariff-plan-washington-examiner\/","title":{"rendered":"Trump, back in White House, readies tariff plan &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-back-in-white-house-readies-tariff-plan-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2394632&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>In a recent article discussing President Donald trump&#8217;s return to the\u2064 White House, it highlights his initial\u2062 actions regarding tariffs, which he previously described as a significant aspect of his trade policy. Upon taking office, Trump did\u2062 not implement immediate tariff measures but instead focused\u2062 on other pressing issues such\u2064 as immigration and energy production. He signed a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-has-signed-40-executive-orders-and-actions-since-taking-office\/\" title=\"Biden has signed 40 executive orders and actions since taking office\">memorandum directing federal agencies<\/a> to pursue an &#8220;America \u2064first&#8221; trade policy shortly \u2062after \u2064his inauguration.\u2062 <\/p>\n<p>On the second day of his \u2064administration, Trump hinted at perhaps imposing a 10% tariff on China, linking \u200bit\u2064 to drug \u200btrafficking concerns across the U.S. borders with Canada and Mexico. \u2064His economic team, composed \u200dof advisors with varying views on trade, is tasked with developing tariff strategies. While some\u200b advisors advocate for \u2062a populist approach with increased tariffs,others\u200b caution against aggressive tariff implementation due to potential inflationary\u200d risks.<\/p>\n<p>The memo confirms that the Trump administration\u200b is proceeding \u200bcautiously with tariff impositions, having learned from past experiences during his first\u2064 term, where tariffs predominantly targeted steel and aluminum. Moving forward, trump has indicated a desire to enact broader tariffs, ranging from 10% to 20%, especially focusing on Mexico and Canada. The article captures trump&#8217;s complex relationship with tariffs and\u200c the careful \u2064consideration by his \u200cadvisors as they plan his trade agenda.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Trump, back in White House, readies tariff plan<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1941599\" class=\"tpd-featured-video bridtv\"><\/div>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" target=\"_blank\" rel=\"noopener\" title=\"\">President&nbsp;Donald Trump<\/a>&lsquo;s whirlwind series of moves that began his second White House stint had a conspicuous absence: immediate action on tariffs, the blunt trade measure <a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/presidential\/3207218\/donald-trump-tariff-avatar-praising-25th-president-william-mckinley\/\" target=\"_blank\" rel=\"noopener\" title=\"\">he&rsquo;s called<\/a> &ldquo;the most beautiful word to me.&rdquo;<\/p>\n<div class=\"article-paywall\">\n<p>Trump by no means forgot about <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/tariffs\/\" target=\"_blank\" rel=\"noreferrer noopener\">tariffs<\/a>, but he stopped short of imposing them on his first day in office. In the early hours of his second administration, Trump&rsquo;s most <a href=\"https:\/\/amzn.to\/3YuVZYV\">headline-grabbing executive orders aimed<\/a> to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/afghans-brought-to-u-s-by-biden-deliver-250-children-securing-birthright-american-citizenship\/\" title=\"Afghans Brought to U.S. by Biden Deliver 250 Children, Securing Birthright American Citizenship\">end birthright citizenship<\/a>, crack down on illegal crossings at the southern border, and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bipartisan-pressure-builds-to-cut-off-russian-oil-imports-and-expand-u-s-production\/\" title=\"Bipartisan Pressure Builds to Cut Off Russian Oil Imports and Expand U.S. Production\">increase domestic energy production<\/a>.<\/p>\n<p>The president instead bought some time on how to put a new tariff regime in place. On Jan. 20, Trump signed a memorandum directing federal agencies to pursue an &ldquo;America first&rdquo;&nbsp;<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/trade\/\" target=\"_blank\" rel=\"noreferrer noopener\">trade<\/a>&nbsp;policy.<\/p>\n<p>The move came less than an hour after Trump, 78, was inaugurated in the Capitol Rotunda during a deep Washington, D.C., cold spell. It was the first presidential swearing-in ceremony moved indoors in 40 years.<\/p>\n<p>Trump campaigned on beefing up tariffs. His first action on the trade front directed his administration to study trade policies and examine trade relationships with allies and adversaries alike.<\/p>\n<p>Trump added more meat to bare policy bones on Day Two of his administration. On the evening of Jan. 21, Trump said he was discussing, possibly by Feb. 1, &ldquo;a tariff of 10% on China, based on the fact that they&rsquo;re sending fentanyl to Mexico and Canada.&rdquo;<\/p>\n<p>Trump mentioned the United States&rsquo;s northern and southern neighbors in the context of drug and human smuggling. The president explained he was considering imposing duties on Canada and Mexico unless they clamped down on the trafficking of illegal migrants and fentanyl, including precursor&nbsp;chemicals from China, across U.S.&nbsp;borders.&nbsp;<\/p>\n<p>It&rsquo;s now up to Trump&rsquo;s economic advisers to develop his administration&rsquo;s tariff plans. His team includes a mix of ideological views on economic policies. Some favor a much more populist and protectionist trade stance, while others seek a lighter touch on trade and tariff policy. Some advisers have raised concerns that dramatically ramping up tariffs right out of the gate could have unintended knock-on effects, including higher inflation.<\/p>\n<p>The memo is a sign that the Trump administration is watching its step in imposing tariffs. While Trump&rsquo;s&nbsp;tariffs&nbsp;during his first term were targeted and largely focused on steel and aluminum, he campaigned in 2024 to implement 10% to 20% across-the-board&nbsp;tariffs.<\/p>\n<p>Additionally, Trump&nbsp;<a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3243411\/what-to-know-trump-tariff-threat-mexico-canada\/\" target=\"_blank\" rel=\"noreferrer noopener\">announced new&nbsp;tariffs<\/a>&nbsp;after his election victory. On social media, he said he would&nbsp;impose 25% tariffs on Mexico and Canada right after he entered office, designed to coerce the two countries into stopping the flow of narcotics and illegal immigrants into the U.S.<\/p>\n<p>Trump also vowed ahead of his inauguration to establish a so-called &ldquo;<a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3286376\/trump-announces-external-revenue-service-to-collect-tariffs\/\" target=\"_blank\" rel=\"noreferrer noopener\">External Revenue Service<\/a>&rdquo; designed to focus on revenue capture from foreign countries through tariffs. The proposal is a contrast to the Internal Revenue Service, the government&rsquo;s tax collection agency, which has faced harsh scrutiny from Republicans.<\/p>\n<p>&ldquo;We are establishing the External Revenue Service to collect all tariffs, duties, and revenues, it will be massive amounts of money coming into our treasury from foreign sources,&rdquo; Trump reaffirmed in his inaugural address.<\/p>\n<h2 class=\"wp-block-heading\">Business takes wait-and-see approach<\/h2>\n<p>Perhaps the biggest uncertainty that could cause headwinds for the broader economy is what will happen with the U.S. tariff policy.<\/p>\n<p>Trump&rsquo;s vow of 10% to 20% across-the-board tariffs means imports from allies and adversaries alike could become that much more costly. Many analysts fear the higher tariffs could be passed along to those in the U.S., and some economists consider them a form of tax on consumers.<\/p>\n<p>The left-of-center think tank Center for American Progress&nbsp;<a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/2941790\/trumps-10-tariffs-1500-tax-hike-families\/\" target=\"_blank\" rel=\"noreferrer noopener\">found<\/a>&nbsp;that Trump&rsquo;s 10% tariffs would squeeze consumers because companies would pass the costs on to them, costing them $1,500 more annually. The Peterson Institute for International Economics&nbsp;<a href=\"https:\/\/www.piie.com\/research\/piie-charts\/2024\/trumps-bigger-tariff-proposals-would-cost-typical-american-household-over\" target=\"_blank\" rel=\"noreferrer noopener\">found<\/a>&nbsp;that 20% tariffs would cost a typical U.S. household more than $2,600 a year.<\/p>\n<p>However, it is hard to gauge exactly what the tariff situation might end up looking like. That is because Trump&rsquo;s pledge to raise tariffs might be more of a threat than a concrete plan. Tad DeHaven, a policy analyst at the libertarian Cato Institute, which generally opposes tariffs, said the tariffs could be more of a threat and a way to compel countries to acquiesce.<\/p>\n<p>&ldquo;At the same time, that&rsquo;s not good for business investment,&rdquo; he told the&nbsp;<em>Washington Examiner<\/em>. &ldquo;It creates a lot of uncertainty. And if your goal is to grow the economy, you want to be looking at lowering barriers, not increasing barriers.&rdquo;<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/strong><\/p>\n<p>Right now, business executives and financial markets are taking a wait-and-see approach when it comes to trade policy.<\/p>\n<p>&ldquo;Those are very difficult to nail down because we don&rsquo;t know what the implementation of those threats looks like,&rdquo; Mark Hamrick, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jobless-claims-rise-to-6-month-high-job-cuts-jump-57-percent\/\" title=\"Jobless Claims Rise to 6-Month High, Job Cuts Jump 57 Percent\">senior economic analyst<\/a> at Bankrate, told the&nbsp;<em>Washington Examiner.<\/em><\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1941599\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1941599\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump returns to the White House, prepares tariff strategy<\/p>\n","protected":false},"author":3360,"featured_media":2394633,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/01\/Bizcover.012925.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[49131,3634,32127],"class_list":["post-2394632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-tariff-plan","tag-trump","tag-white-house"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/01\/Bizcover.012925.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2394632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3360"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2394632"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2394632\/revisions"}],"predecessor-version":[{"id":2394636,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2394632\/revisions\/2394636"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2394633"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2394632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2394632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2394632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}