Close Menu
The Politic ReviewThe Politic Review
  • Home
  • News
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
Trending

Trump predicts ‘good news’ from Russia-Ukraine talks

May 15, 2025

Ed Martin Fights Back After It’s Revealed He is Under Investigation by DC Office of Disciplinary Counsel

May 15, 2025

Backstreet Boys Score Their First New Billboard Bestseller In Half A Decade

May 15, 2025
Facebook X (Twitter) Instagram
  • Donald Trump
  • Kamala Harris
  • Elections 2024
  • Elon Musk
  • Israel War
  • Ukraine War
  • Policy
  • Immigration
Facebook X (Twitter) Instagram
The Politic ReviewThe Politic Review
Newsletter
Thursday, May 15
  • Home
  • News
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
The Politic ReviewThe Politic Review
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
Home»World»US officials quietly drafting plan to cushion Trump tariff fallout – Bloomberg
World

US officials quietly drafting plan to cushion Trump tariff fallout – Bloomberg

Press RoomBy Press RoomApril 8, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram

Many reportedly fear the new levies and retaliatory measures from trade partners will harm American exporters

US officials are exploring ways to mitigate the potentially harmful effects of the sweeping tariffs announced by President Donald Trump, Bloomberg reported on Tuesday, citing sources in Washington. The talks are reportedly being held without Trump’s knowledge and reflect internal unease over his shift in trade policy.

Last week, Trump imposed a minimum 10% tariff on all imports and introduced “reciprocal” duties ranging from 11% to 50% on dozens of countries he accused of maintaining unfair trade imbalances. The new measures included an additional 34% duty on imports from China, on top of an existing 20% rate implemented earlier, and a 20% levy on goods from the EU, among others.

On Monday, Trump threatened to slap a further 50% tariff on all Chinese imports unless Beijing reverses the 34% hike it announced in response to the new US levies. A number of other countries have slammed Trump’s tariffs over the past few days and vowed to implement countermeasures.

According to Bloomberg, Trump administration officials fear that retaliatory tariffs will damage US exports, hurting American firms trying to sell goods abroad. Sources said discussions are underway about a potential exporter tax credit, which would serve as a subsidy for US firms selling products and services overseas. The credit, which would require congressional approval, could be issued at the end of the year.


Officials are also reportedly weighing a credit for importers to shield US companies from rising costs when sourcing goods from countries affected by Trump’s tariffs. These measures would aim to soften the economic blow to both exporters and importers once the tariffs take full effect.

Sources told Bloomberg that neither Trump nor Treasury Secretary Scott Bessent has been formally briefed on the deliberations, and the proposals have yet to receive full backing from the administration’s economic team.

A Treasury spokesperson confirmed the discussions but stressed that any talk of “specific provisions” are “still early.” The spokesperson added that any tax proposals or initiatives Bessent may pursue would be aligned with “his full support for President Trump’s America First Economic Agenda.” The White House declined to comment on the report.

Trump’s tariffs and the threat of retaliation have raised fears of a global trade war. Several investment banks have raised their recession risk forecasts for both the US and global economies over the past week. Stock markets have been rattled, with major indexes in the US, Europe, and Asia all trading lower the past three days.

READ MORE:
US stocks sink again as tariff war heats up

Despite the criticism, Trump has defended the tariffs as essential to correcting trade imbalances. On Monday, he claimed on social media that the measures were working and delivering significant economic benefits to the US.

You can share this story on social media:

Follow RT onRT
RT

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link

Related Articles

World

Trump predicts ‘good news’ from Russia-Ukraine talks

May 15, 2025
World

Report: Brazil’s First Lady Berates Xi Jinping, ‘Embarrassing’ Lula

May 15, 2025
World

Prof. Schlevogt’s Compass No. 15: Kakistocratic defense splurgers destroy Europe

May 15, 2025
World

Bolivia: President Luis Arce Drops Out of 2025 Race, Leaving Opening for Evo Morales

May 15, 2025
World

EU to slap tariffs on Ukrainian imports – FT

May 15, 2025
World

Family of Imprisoned Mexican Drug Lord ‘El Chapo’ Flees to U.S. for Protection from Cartels

May 15, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Ed Martin Fights Back After It’s Revealed He is Under Investigation by DC Office of Disciplinary Counsel

May 15, 2025

Backstreet Boys Score Their First New Billboard Bestseller In Half A Decade

May 15, 2025

Report: Brazil’s First Lady Berates Xi Jinping, ‘Embarrassing’ Lula

May 15, 2025

Democrat Rep. Ro Khanna Introduces Legislation to Codify Trump Executive Order Reducing Drug Prices

May 15, 2025
Latest News

Prof. Schlevogt’s Compass No. 15: Kakistocratic defense splurgers destroy Europe

May 15, 2025

FLASHBACK: Brian Stelter and Others at CNN Pushed the ‘Cheap Fakes’ Narrative to Protect Biden (VIDEO)

May 15, 2025

Here’s What Cassie Ventura Said About ‘Freak-Off’ Videos

May 15, 2025

Subscribe to News

Get the latest politics news and updates directly to your inbox.

The Politic Review is your one-stop website for the latest politics news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram Pinterest YouTube
Latest Articles

Trump predicts ‘good news’ from Russia-Ukraine talks

May 15, 2025

Ed Martin Fights Back After It’s Revealed He is Under Investigation by DC Office of Disciplinary Counsel

May 15, 2025

Backstreet Boys Score Their First New Billboard Bestseller In Half A Decade

May 15, 2025

Subscribe to Updates

Get the latest politics news and updates directly to your inbox.

© 2025 Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.