Biden Administration Rejects Trump’s 10 Percent Universal Tariff Proposal for Foreign Imports

Biden Administration Rejects Trump’s 10 Percent Universal Tariff Proposal For Foreign Imports

Containers at the container terminal of Lianyungang Port, in China's eastern Jiangsu province on July 13, 2023. Stringer/AFP via Getty Images

The Biden administration dismissed former President Donald Trump’s universal tariff proposal on foreign imports into the United States, saying that it would increase prices.

The 45th president suggested that a 10 percent tariff on all goods overseas could be used to cover much of the federal debt, while protecting American producers.