Trump, tariffs
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Associated Press News |
Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty.
U.S. News & World Report |
The trade war President Donald Trump promised has begun, threatening the world economy and straining the United States’ longstanding alliances in Europe and Asia.
U.S. News & World Report |
Trump announced a minimum tariff of 10% on global imports, with the tax rate running much higher on products from certain countries like China and those from the European Union.
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U.S. President Donald Trump showed off a giant chart on Wednesday full of new “reciprocal” tariffs, which start at 10 per cent and grow steeper for countries with larger trade deficits with the U.S. But experts quickly noticed that these numbers don't add up.
Trump has for weeks trumpeted April 2 as a "Liberation Day" that will see dramatic new duties that could upend the global trade system, with a White House Rose Garden announcement scheduled for 4 p.m.
The Trump administration imposed a 10% minimum tariff on all imports coming into the country and even higher tariffs on other top trading partners.
A bipartisan bill that would give Congress final approval on tariffs imposed by a president was introduced Thursday by Sens. Chuck Grassley (R-Iowa) and Maria Cantwell (D-Washington). The bill seems to have little chance of passage but underscores the unease among some Republicans with Trump’s tariffs plan,
President Donald Trump on Wednesday unveiled sweeping global tariffs of at least 10% on goods imported from most U.S. trading partners.