US presidential candidate Donald Trump is said to be considering a plan to impose tariffs on all countries by narrowing the focus on a select set of goods and services.
This latest approach may not be as strong as previous proposals, but analysts are still confident that it will cause a major change in global trade.
However, Donald Trump has come out to dispute the overhaul of his previous tariff plan and said that the reported news is incorrect.
The report was published amid concerns that international tariffs as high as 10% or 20%, especially for China and Mexico, would cause another surge in high inflation.
During his first term, tariffs on various types of imports did not increase prices widely and they have been maintained by the Joe Biden administration until now.
However, economists worry that the current economic situation is different and that aggressive tariffs will have a greater impact.
According to a report by The Post, the overhaul plan is still unclear regarding which sectors are involved, although initial discussions indicate the metals, medical supplies and energy industries.
