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In 2018, during his first term, Trump imposed tariffs of 30% to 50% on goods imported from China, forcing Beijing to retaliate with its own tariffs against US goods like aluminum, airplanes, cars ...
The Trump tariff plan is an extreme exercise in self-inflicted economic damage, magnifying the harm from Trump’s earlier tariffs across thousands of traded goods and all U.S. trading partners.
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 ...
Now that President-elect Donald Trump’s inauguration is looming, many are financially bracing themselves for the incoming tariffs he’s promised to implement against countries who import goods ...
All told, a detailed analysis showed that Trump's plans — including a universal baseline tariff and other additional tariffs — would bring in $2.7 trillion in revenue if implemented, a far cry ...
President-elect Donald Trump's promise to levy strict tariffs -- essentially, ... American shoppers can expect to pay more on everything from shoes — per CNN, 99% of all shoes in the U.S. are ...
For years, Trump has inaccurately claimed that foreign countries pay the tariffs. But in reality, the tariff is paid by the US-based company that imports the good.
Iowa farmer Bob Hemesath is worried that U.S. agriculture will pay dearly if Donald Trump wins Tuesday's presidential election and makes good on a vow to swiftly impose a 60% tariff on Chinese ...