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President Donald Trump's 2024 campaign promise to impose steep tariffs on imports -- including those coming from close U.S. allies -- has some of his fellow Republicans in Congress worried about ...
The U.S. Constitution gave Congress the power to set and regulate tariffs, but over the last 70 years the body has repeatedly passed laws handing that power over to the president, whether by ...
The tariffs, which will take effect on Feb. 4, include a 25% levy on most goods from Mexico and Canada, with a 10% tariff on energy imports from Canada, and a 10% tariff on Chinese imports.
(The Center Square) – President Donald Trump has promised to lower prices and open up domestic energy production, but his recent tariff threats have raised the question: can Trump really lower ...
Trump's originally proposed 10% tariff on Canadian oil, which Skordeles said equates to a roughly 16 cent increase per gallon, could eventually raise the price of almost everything as companies ...
President Trump’s tariff on Canadian oil is expected to raise prices at the pump for U.S. consumers, if it takes effect as planned after a 30-day delay. Analysts told The Hill that the 10 ...
“If Trump does move ahead with tariffs, it would essentially boost the price of oil that these refineries are paying by 25%, which in this case today, would amount to about $15 a barrel,” he said.
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.