Trump May Go For 10% Across The Board Tariff, 20% For China

U.S. President Donald Trump appears to be looking for a way out to exit from his aggressive tariff policy, especially toward China, according to a recent report by Jefferies.

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The report suggests Trump could adopt a flat 10 percent tariff across the board on all imports and raise tariffs on Chinese goods slightly higher to 20 percent.

Jefferies said, "Trump is looking for an off-ramp from his tariff agenda and that tariffs are likely to end up at a universal 10 percent across the board, and 20 percent for China, including the 10 percent tariff left over from the first Trump administration."