Jan 6, 2025

Tariffs on every country, but not the universal tariffs Trump promised

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Donald Trump administration will apply tariffs to every country, but not everything. What are the implications?

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Just how universal are those universal tariffs?

by David Brancaccio

Markets are moving — especially the U.S. dollar, which is down 1% to the euro this morning — with financial players focused on fresh news of Donald Trump’s tariff plans. Let’s discuss with Julia Coronado, founder of MacroPolicy Perspectives.

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Tariffs on one country means gains for another

In India, officials and businesses are considering strategies to take a piece of China’s U.S. trade, even though India’s tariffs on U.S. goods have rankled the president-elect and his team. The BBC’s Archana Shukla reports.

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The team

David Brancaccio Host

Leanna Byrne Host, BBC

Kelly Silvera Executive Producer

Meredith Garretson Morbey Senior Producer

Alex Schroeder Producer

Erika Soderstrom Producer

Ariana Rosas Producer

Nic Perez Director/Producer

Dylan Miettinen Digital Producer

John Bruington Media Producer

Jesson Duller Media Producer

Brian Allison Technical Director

James Graham Producer, BBC

Jo Critcher Producer, BBC

Naomi Rainey Producer, BBC

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