President-elect’s aides look at universal import duties, but only on certain sectors, among first big moves of presidency.

President-elect Donald Trump’s new administration is looking at tariff plans that are narrower in scope than what was outlined during the 2024 campaign, a Washington Post report said, citing unnamed sources.

The dollar slumped 1% on Monday after a report said President-elect Donald Trump was mulling tariffs that would only be applied to critical imports, potentially a relief for countries that were expecting broader levies.

Aides to President-elect Donald Trump are considering a tariff plan that would apply to all countries but be limited to specific critical imports, the Washington Post reported, citing three people familiar with the discussions who it didn’t identify.