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The first Trump tariffs were imposed by executive order (not by act of Congress) during the first presidency of Donald Trump as part of his economic policy. In January 2018, Trump imposed tariffs on solar panels and washing machines of 30 to 50 percent. [36] He soon imposed tariffs on steel (25%) and aluminum (10%) from most countries.
The 10% tariffs on China will add to 10% to 25% duties that Trump imposed on many Chinese imports during his first term, and which former President Biden kept in place.
While campaigning for his second term as U.S. President, Trump vowed to implement even larger tariffs, including a 60% tariff on China, 100% on Mexico, and 20% on all other countries. He also proposed using tariffs to penalize American companies that outsourced manufacturing, such as imposing a 200% tariff on John Deere . [ 2 ]
Beginning in 1917 with the Trading with the Enemy Act of 1917, the president can impose any tariff while the nation is at war. The affected trade does not have to be connected to the ongoing war. Since 1974, the Trade Act of 1974 allows the president to impose a 15% tariff for 150 days if there is "an adverse impact on national security from ...
President Donald Trump says he will impose his tariffs over the weekend, gambling that taxing American companies for imported goods will ultimately punish the countries that make stuff Americans ...
During his first term in office, the president imposed a 25% tariff on steel and a 10% tariff on aluminum. He later granted some duty-free exemptions to top trade partners like Canada, Mexico, and ...
President Donald Trump will speak with Chinese President Xi Jinping on Tuesday, Trump's top trade official said, after China said it would impose fresh tariffs on U.S. imports in swift retaliation ...
WASHINGTON – President Donald Trump signed a trio of executive orders on Saturday, imposing 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, starting Tuesday. An ...