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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 ...
The CBO estimated that more tariff revenue would help shrink the federal budget deficit by $2.7 trillion from fiscal years 2025 to 2034. Trump tariffs would shrink the federal deficit, but also ...
Trump, who takes office on Jan. 20, 2025, said he would impose a 25% tariff on imports from Canada and Mexico until they clamped down on drugs, particularly fentanyl, and migrants crossing 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 ...
Donald Trump's proposed tariffs could ... said he still buys some steel and cast iron burners from China, but overall looks to China for less than 18% of his supplies, compared with as much as 25% ...
President-elect Donald Trump announced Monday he plans to impose a 25% tariff on all products coming into the U.S. from Mexico and Canada as one of his first acts back in the White House.. On the ...
Still, the speed with which Trump appears to be putting plans in place signals the incoming president is looking to "move much more quickly with tariffs than during his first term." Laura Bratton ...
But Biden and his team will still need to wrestle with the trade issue in the coming weeks before an end-of-year deadline to complete a four-year review of the so-called Section 301 tariffs that ...