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So, while Trump-era tariffs infused $60 billion annually into the federal government, the federal government paid out nearly 24.2% to mitigate the tariffs' impacts, and 1% of the $60 billion went ...
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 ...
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 ...
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 ...
"The word tariff, properly used, is a beautiful word," Trump said in a speech in Savannah, Ga., where he offered some new details on his plan for blanket tariffs.
Trump's plans have been heralded by some domestic manufacturers competing against low-cost goods from countries like China, but economists warn tariffs can be a double-edged sword by driving up ...
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 ...
Trump, by contrast, is promising a new wave in the ballpark of 10 times the level of tariffs he put in place in his first term, experts said, with a plan that includes across-the-board tariffs of ...