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- Former President Donald Trump is proposing a universal baseline tariff for imports into the US.
- He also told Fox News he'd implement a "matching tax" on certain countries.
- The ideas are part of his economic platform for his 2024 presidential campaign.
Donald Trump's return to the White House could bring about seismic changes to US trade policy, as the Republican frontrunner proposed setting up a universal tariff on imports entering the country.
He also proposed a "matching tax" on certain countries that would be equivalent to high tariffs on US products.
While Trump laid out the idea of a universal tariff months earlier, he appeared to get more specific last week.