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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 ...
The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat who even expanded tariffs and restrictions on the world’s second-largest economy.
The White House announced Feb. 1 that President Trump was implementing new 25 percent tariffs on imports from Canada and Mexico, and an additional 10 percent tariff on imports from China. It is an ...
The first Trump tariffs were imposed by executive order (not by act of Congress) during the first presidency of Donald Trump as part of his economic policy. In January 2018, Trump imposed tariffs on solar panels and washing machines of 30 to 50 percent. [36] He soon imposed tariffs on steel (25%) and aluminum (10%) from most countries.
In his 2025 inaugural address, Donald Trump compared himself to former President William McKinley boasting that he, like McKinley, would make “our country very rich through tariffs.” To make ...
Donald Trump loved to use tariffs on foreign goods during his first presidency. “There's going to be a lot more tariffs, I mean, he's pretty clear,” said Michael Stumo, the CEO of Coalition ...
President Trump's sweeping set of tariffs is intended, in part, to protect American industries, raise money and - as we've seen - be used as a bargaining chip. Since the end of World War Two in ...
Two economists previously told me tariffs were one part of Trump’s policy proposals they considered inflationary, another was his potential tax policies. Wall Street is anticipating lower taxes ...