Donald Trump’s reciprocal tariff plans yet to be finalised ahead of Rose Garden event

President Donald Trump’s deliberations over his plans to impose reciprocal tariffs are coming down to the wire, with his team said to be still finalizing the level and scope of new import taxes he is slated to unveil on Wednesday afternoon.
In meetings on Tuesday, Trump’s team continued to hash out their options ahead of a Rose Garden event scheduled to begin as US markets close at 4 p.m. on Wednesday, people familiar with the ongoing discussions said. The White House has not reached a firm decision on their tariff plan, said the people, who spoke on the condition of anonymity, even though Trump himself said earlier in the week that he had “settled” on an approach.
Several proposals are said to be under consideration, including a tiered tariff system with a set of flat rates for countries, as well as a more customized reciprocal plan. Under the first option, countries would see their goods face levies at either a 10% or 20% rate depending on their tariff and non-tariff barriers on US goods.