Trump aides prep new tariffs on imports worth trillions for ‘Liberation Day’ – WaPost

“The potential to more than double the scope of Trump’s tariffs has alarmed economists and some congressional Republicans, while other White House allies are concerned about the logistical challenges of a complicated new import tax regime. The precise nature of these new duties has spurred extensive discussions at the highest levels of the administration, with Vice President JD Vance, Commerce Secretary Howard Lutnick, White House aide Peter Navarro and Treasury Secretary Scott Bessent all playing a role in the talks, the person familiar with the plans said…”

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Trump’s tariffs will be paid by the poor – while his tax cuts help the rich – Robert Reich/Guardian

“Trump says he’ll use the revenue from tariffs to “offset” more of his big pending tax cut. That tax cut will disproportionately benefit wealthy Americans and big corporations, as did Trump’s first-term tax cut. But revenue raised from tariffs will be coming disproportionately from average working people. Hence, it will be a massive transfer of wealth from most Americans to the super wealthy and giant corporations…”

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