Trade administration split: Lutnick pushes for aggressive tariffs, Greer favors formal investigations

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TLDR:

  • Trump considers a two-step tariff plan: immediate duties with ongoing trade investigations.

  • Tariffs could fund tax cuts and reinforce “reciprocal” tariffs with legal support.

  • Announcing tariffs on April 2 as “liberation day,” with some exemptions possible.

  • Tariffs could reach 50%, using emergency powers or national security grounds.

  • Administration divided: Lutnick pushes aggressive tariffs, while Greer supports legal processes.

  • Foreign nations offer concessions, including UK tech tax adjustments and EU meetings.

  • Trump’s trade moves remain unpredictable, with tariffs imposed and reversed quickly.