Donald Trump is evaluating a two-stage tariff regime on April 2 - FT.

Foreks - Donald Trump is considering a two-phase approach to a new tariff regime using rarely employed powers to impose emergency tariffs, as investigations into trade partners are completed. Sources familiar with the discussions told the FT that the proposals under consideration would allow Trump to gather funds for planned tax cuts while seeking to establish a more solid legal framework for a "reciprocal" tariff regime.

Among the strategies discussed by his team are launching Section 301 investigations against trade partners and simultaneously applying emergency tariffs through seldom-used emergency powers. Tools to strike partners swiftly could include utilizing the International Emergency Economic Powers Act or Section 338 of the obscure 1930 Tariff Act, potentially imposing customs duties of up to 50%. Legal experts suggest Trump may impose immediate tariffs on vehicle imports and revive a national security investigation into the global auto industry.