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Trump said the tariffs would be imposed due to Chinese theft of U.S. intellectual property. [126] Trump said his planned tariffs on Chinese imports would make the United States "a much stronger, much richer nation". [127] However, the steps toward imposing the tariffs led to increased concerns of a global trade war. [126]
The incoming president's recent comments could result in a challenging four-year trade war, similar to his first term, which saw tariffs of 7.5%-25% and disruption of global supply chains.
Donald Trump's focus this week on reciprocal tariffs could upend US trading relationships around the globe, with the president on Thursday morning upping the stakes even more. "Today is the big ...
Trump’s reciprocal tariffs Trump indicated on Friday that reciprocal tariffs might replace the proposed 10% to 20% universal import duty that was a key part of his economic agenda during the ...
The executive order Trump signed Thursday instructed the Department of Commerce and the U.S. Trade Representative to develop new proposed tariff levels that take into account the tariffs charged ...
Trump views tariffs as a tool to extract concessions. By imposing tariffs, the U.S. can significantly disrupt both nation’s economies, creating an imbalance of power in favor of the United States.
Trump aides have spent years exploring new avenues to help a reelected Trump implement tariffs without Congress, where many tariff-skeptical Republicans still reside.
Trump signed orders on Saturday evening, imposing 25% tariffs on imports from Mexico and Canada (though Canadian energy faces a lower tariff of 10%) and 10% tariffs on goods from China.