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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.
The Trump tariffs, along with the impacts of COVID-19, were a major factor in declining trade between China and the U.S. in 2019 and 2020. [221]: 142 Trade between the two countries subsequently rebounded significantly, and as of 2021 merchandise trade was down only marginally from its record high in 2018. [221]: 142
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.
The second Trump tariffs are trade initiatives announced by Donald Trump, the 47th president of the United States, principally in the form of tariffs on imports starting in 2025. Since before becoming president in 2017, Trump has promoted import tariffs to retaliate against countries he believes are "ripping off" the United States.
Several independent studies have found that if Trump implements an across-the-board tariff and increases duties on Chinese-made goods, it would raise costs for the average middle-class family ...
Trump’s first-term tariffs had a modest impact on economy. Trump imposed tariffs on solar panels and washing machines at the start of 2018, moves that might have pushed up prices in those ...
Asked in 2022 about that apparent contradiction, Biden's top trade official said the administration was unwilling to draw down Trump's tariffs because they were crucial "leverage" that could be ...
Donald Trump came to Washington eight years ago vowing to rewrite U.S. trade relationships, shrink a massive goods trade deficit and rebuild America's industrial base with new tariffs. The ...