President Donald Trump’s team is finalizing plans for reciprocal tariffs to be unveiled on Wednesday, with multiple proposals under consideration, including a tiered tariff system and a customized reciprocal plan, Bloomberg’s Josh Wingrove and Jennifer A. Dlouhy report. The tariffs are expected to take immediate effect, with countries able to negotiate to bring rates down, and could apply widely, even to countries with which the U.S. doesn’t have a trade imbalance.
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