Trump 2.0 is moving faster and hitting harder on tariffs, former Commerce Secretary Wilbur Ross says

Contributing sentiments towards policy:

50% : Ross urged Trump to lock in trade deals in the Asian region first as a way to alleviate tariffs and isolate China.
44% : Days later, Trump put the sweeping tariff plan on a 90-day pause to allow trade deals to play out with countries willing to negotiate - all tariffs were rolled back to 10% except those on China.
38% : In an interview with Fox News Digital, Ross - who served in the Trump Cabinet from 2017 to 2021 - said Trump is cutting red tape by using the International Emergency Economic Powers Act (IEEPA) instead of the slower, more bureaucratic trade laws from his first term, like Section 232 and Section 301. "The main difference is that the laws we used in the first term required a fairly elaborate process of public hearings, a written report, and all sorts of consultation," Ross said.
24% : TRUMP CLOSES TARIFF LOOPHOLE ON CHEAP ONLINE GOODS FROM CHINA Under this strategy, Trump has progressively choked off Chinese imports throughout the first few months of his term.
24% : On April 2, dubbed "Liberation Day," Trump announced a universal 10% tariff on all imports, effective April 5, citing a national emergency to justify the move under the IEEPA.
23% : "To prevent that from happening again, Trump is going to need to make some sort of a deal with other low-power countries so that Chinese goods don't creep in," Ross said.
18% : " The streamlined approach lets Trump impose tariffs with little warning - a shift that appeals to Trump's base but worries some U.S. businesses and allies shut out of the process.
14% : " While Trump insists Chinese President Xi Jinping wants to make a trade deal, Ross warned a Chinese deal would be far more of a headache than any other country.

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