Trump's Tariff Plans Stir Uncertainty and Lobbying Frenzy

Robert Lighthizer, former trade chief under Donald Trump, is preparing to implement massive new tariffs in Trump's potential second term, aiming to boost domestic manufacturing and reduce reliance on foreign imports. Plans include a universal tariff of up to 20% on all imports and at least 60% on Chinese goods. Lighthizer and his allies are working to gain congressional support for these tariffs, which would mark a significant shift from traditional economic policies. The strategy involves using tariff revenue to fund tax cuts, aligning with Trump's campaign promises.