With the world and his pet rabbit on tenterhooks ahead of President Trump's 4pmET announcement of his 'Liberation Day' tariff plan, Bloomberg reports that the administration is considering three options:
1) a blanket 20% tariff on all imports;
2) a tiered system with three different rate levels;
3) a country-by-country rate model.
Bessent also told lawmakers that tariffs will start at their highest level and countries can take steps to bring them down.
