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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 ...
President-elect Donald Trump’s promise to levy strict tariffs — essentially, taxes and trade penalties — upon America’s trade partners has made many economists, as well as everyday ...
Economists say that Trump's overall tariff plans, likely his most consequential economic policy, would push U.S. import duty rates back up to 1930s-era levels, stoke inflation, collapse U.S.-China ...
In the real world, we have a one-sided free-trade policy in which America isn't nearly as protectionist as other countries." Trump's tariffs could generate $450 billion in revenue a year, Paulson ...
Higher tariffs do not go hand in hand in with what economists call free trade; and again, six years ago, Trump said, ... Two economists previously told me tariffs were one part of Trump’s policy ...
TRADE TOOLS READY. Trump may be able to act within months to impose tariffs, relying on the same "Section 232" national security law used to impose global steel and aluminum tariffs and the ...
President-elect Donald Trump’s frequent calls for new tariffs on foreign goods may have overshadowed another massive trade-related pledge he made about a month before the November election ...
The CBO estimated that more tariff revenue would help shrink the federal budget deficit by $2.7 trillion from fiscal years 2025 to 2034.