U.S. President Donald Trump said he wants to enact across-the-board tariffs that are "much bigger” than 2.5%, the latest in a string of major signals Monday that he’s preparing widespread levies to reshape American supply chains.
"I have it in my mind what it’s going to be but I wont be setting it yet, but it’ll be enough to protect our country,” Trump told reporters Monday night.
Asked about a report that incoming Treasury Secretary Scott Bessent favored starting with a global rate of 2.5%, Trump said he didn’t think Bessent supported that and wouldn’t favor it himself. He said he wanted a rate "much bigger” than 2.5%.
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