President-elect Donald Trump’s economic team is considering a gradual approach to increasing tariffs on imported goods, aiming to boost negotiating leverage and prevent inflation spikes. The plan would involve monthly hikes of 2-5%, relying on executive authorities under the International Emergency Economic Powers Act.
Source: https://www.bloomberg.com/news/articles/2025-01-13/trump-team-studies-gradual-tariff-hikes-under-emergency-powers