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What will be the primary reason cited for implementing tariff hikes by Trump's administration by May 31, 2025?
2
Resolution / Starting Odds
Enhancing negotiating leverage • 25%
Mitigating inflation risk • 25%
Boosting domestic industries • 25%
Other • 25%
Official statements from the Trump administration or credible news sources
Story
Trump's Economic Team Studies Gradual Tariff Hikes of 2%-5% Monthly, Not Yet Approved
Jan 13, 2025, 10:00 PM
Members of Donald Trump's incoming economic team are discussing a proposal to gradually increase tariffs month by month, with hikes ranging from 2% to 5%. This approach is intended to enhance negotiating leverage while mitigating the risk of a sudden spike in inflation. The proposal, which has not yet been reviewed or approved by Trump, is being considered by key figures such as Bessent, Hassett, and Miran. The gradual tariff hikes are under consideration as part of the broader economic strategy, potentially to be implemented using emergency powers.
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