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Still, Trump's tariff calls have also drawn opposition from some Republicans, including Senate GOP leader Mitch McConnell, R-Ky. "I'm not a fan of tariffs," McConnell said Tuesday. "They raise the ...
On Monday, Trump pledged to add a 25% tariff on all products from Mexico and Canada, along with a 10% levy on Chinese goods, in an effort to crack down on illegal immigration and illicit drugs ...
Former President Trump is going all in on the idea of tariffs as a way of lifting the U.S. economy, bucking criticism from think tanks, labor and big business alike. Trump’s plans include a ...
Although Trump has not provided a detailed plan for structuring that proposal, a study conducted by Penn Wharton estimates that reducing the tax rate to 15 percent for all corporations would ...
A new report this week by the National Retail Federation, a trade association that represents grocers, department stores, and online sellers, estimates that Trump's proposed tariffs would "reduce ...
The legal basis cited in Trump's tariff order is Section 232 of the Trade Expansion Act of 1962 which under certain circumstances allows the president to impose tariffs based on the recommendation from the U.S. Secretary of Commerce if "an article is being imported into the United States in such quantities or under such circumstances as to ...
And during his campaign, Trump repeatedly said he plans to impose an across-the-board tariff of either 10% or 20% on every import coming into the US, as well as a tariff upward of 60% on all ...
Trump’s tariff plan is supposed to have a much broader goal, which is to make imports so expensive that there’s a resurgence of domestic production in industries where it has become cost ...