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Incoming Trump administration explores pared down tariff plans - report

The incoming Trump administration is reportedly considering a more targeted approach to tariffs, focusing on strategic sectors rather than broad-based increases, according to a report by Bloomberg. This shift aims to address concerns from business leaders and potentially mitigate the economic fallout from widespread tariffs. The plan includes targeting industries like electric vehicles, semiconductors, and solar equipment, which are seen as critical for national security and economic competitiveness. This nuanced strategy reflects an attempt to balance protectionism with the need to maintain good trade relations and avoid a trade war, while still fulfilling campaign promises to protect American industries. However, details on how these tariffs would be implemented or their exact scope remain undisclosed.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/incoming-trump-administration-explores-pared-down-tariff-plans-report/ar-AA1x2nGO ]