April 2 Trump tariff strategy growing more clear

A report from the Washington Post today highlights the direction that the US is headed on April 2, which Trump called “Liberation Day” on Monday.

1. The report confirms yesterday’s report that the US flirted with the idea of three baskets of tariff rates but it was rejected
2. The US will assign a tariff rate number to each country
3. Bessent indicated that those tariffs may not go into effect on each country with some choosing to negotiate before April 2
4. It’s not clear what legal authority the US will use
5. The President likely doesn’t have the Constitutional power for broad tariffs
6. It’s not clear the USTR has the staff or organizational experience to implement the tariffs

This article was written by Adam Button at www.forexlive.com.