Trump Aides Float Sweeping 20% Tariffs on Most Imports

Critics warn that the strategy risks a global trade war, provoking a chain reaction of retaliation by major trading partners like China, Canada and the European Union

- Agencies

WASHINGTON: White House aides are proposing tariffs of around 20% on most US imports, the Washington Post reported on Tuesday, as markets and consumers await details of US President Donald Trump's reciprocal tariff plan.

Trump, who has promised to unveil his sweeping plan on Wednesday, on Sunday said the reciprocal tariffs will target all nations. The White House said on Monday any country that had treated Americans unfairly should expect to receive a tariff.

White House advisers say no final decision has been made and that several options are on the table, according to the Post.

Trump's administration is also weighing using the trillions of dollars it expects in new import revenue for a tax dividend or refund, the report said, citing three unnamed people familiar with the matter.