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President-elect Donald Trump at a manufacturing facility on Sept. 27, 2024, in Walker, Mich. Concerns over inflation Trump placed tariffs on solar panels, washing machines and certain metals ...
Fed Chair Jerome Powell said in a recent speech in Dallas that it is still too early to consider how Trump’s tariff plans would affect the US economy. Campaign rhetoric is one thing, but enacted ...
Trump’s tariff plan is supposed to have a much broader goal, which is to make imports so expensive that there’s a resurgence of domestic production in industries where it has become cost ...
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 ...
And during his campaign, Trump repeatedly said he plans to impose an across-the-board tariff of either 10% or 20% on every import coming into the US, as well as a tariff upward of 60% on all ...
Economists say that Trump's tariff plans, likely his most consequential economic policy, would push U.S. import duty rates back up to 1930s-era levels, stoke inflation, collapse U.S.-China trade ...
Former President Trump is going all in on the idea of tariffs as a way of lifting the U.S. economy, bucking criticism from think tanks, labor and big business alike. Trump’s plans include a ...
Economists warn that Trump's tariff plans, likely his most consequential economic policy, would push U.S. import duty rates back up to 1930s-era levels, stoke inflation, collapse U.S.-China trade ...