Investing.com -- The U.S. Trade Representative is currently exploring the possibility of imposing a lower tariff on a selected group of countries. This option, if implemented, would introduce a tariff rate that is less than the 20% universal tariff option which is also being considered, according to sources familiar with the discussions reported by the Wall Street Journal on Tuesday.

This development comes as U.S. President Donald Trump is preparing to impose new tariffs on Wednesday. The specifics of the new tariffs, their targets, and the exact rates are yet to be disclosed.

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