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The AFL–CIO, the largest labor union in the U.S., praised Trump for the tariffs, as did Democratic Ohio Senator Sherrod Brown, who said the action would be a boon for "steel plants across Ohio". Many congressional Republicans expressed fear that the tariffs might damage the economy or lead to retaliatory tariffs from other countries.
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 ...
Trump’s first-term tariffs did not meaningfully raise inflation, although they were far narrower in scope than what Trump is currently proposing, and the pandemic that follow skewed some of the ...
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 ...
Trump’s first-term tariffs on steel, clothing, and wooden cabinets did lead American producers to boost production of those things. But Tintelnot and other economists are worried that across-the ...
A big reason for that, he and his advisers say, is because other countries usually tax American exports at a higher rate than America taxes theirs. Trump has a fix: He’s raising U.S. tariffs to ...
As for the universal tariffs, Trump told reporters Monday evening on Air Force One that he was currently looking at a number that was much higher than a 2.5% baseline and gradual increase that his ...
Trump announced Friday he would impose a 25% tariff on imports from Mexico, diverting from a free-trade agreement he signed in his first term that was not up for renegotiation until 2026.