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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 ...
President-elect Donald Trump proposed broad tariffs on imports, including up to 60% on goods from China. Economists say his proposals could spike inflation as companies tend to pass costs on to ...
(Reuters) -President-elect Donald Trump on Monday pledged big tariffs on the United States' three largest trading partners - Canada, Mexico and China - detailing how he will implement campaign ...
During Trump's first term, companies dealt with Chinese tariffs by eating the costs or passing them on, Scott Lincicome of Stiefel Trade Policy Center told Yahoo Finance.
Those tariffs could essentially blow up the North American trade pact that Trump’s team negotiated during his initial term. ... as more U.S. companies looked for alternative suppliers in other ...
Donald Trump's proposed tariffs could have major consequences for California's economy, which has a lot riding on trade, especially with China and Mexico. Trump tees up tariff hikes on top trading ...
Everything we know about Trump’s policies on tariffs, trade, and taxes. Alena Botros. November 6, 2024 at 1:02 PM. ... Companies often pass on as much of that cost as they can to consumers.
President-elect Donald Trump's promise to impose 25% tariffs on goods from Canada and Mexico and even more on China has sparked debates among economists, trade experts and consumers. These ...