Donald Trump considers 25% tariff on imported cars
Donald Trump is considering imposing tariffs of about 25 per cent on imports of cars, drugs and chips into the US as he teased the next steps of a rapidly escalating trade war. The US president said on Tuesday that he was weighing tariffs “in the neighbourhood” of 25 per cent on automotive imports and at least that level on pharmaceutical products and semiconductors.
Since the 1930s, the U.S. has moved away from protectionism in favor of trade liberalization. Agreements like the General ...
At those ports of entry, CBP agents collect tariff revenue from the domestic businesses importing the products, which is calculated based on how the merchandise is classified and where it came ...
President Donald Trump’s use of tariffs in his second term defies many historical norms, say economists and historians.
Those tariffs will neither be paid by foreigners nor be anywhere near sufficient to replace income-tax revenue—which is about $2 trillion annually. Instead, expect much if not all of the tariff ...
His problem: If U.S. trading partners capitulate to Trump’s policy demands, and he rewards them by withdrawing the tariffs, much of that hoped-for revenue will dry up. The question then is which ...
President Donald Trump has threatened universal duties and said they'll raise money, but he is also using tariff threats as ...
WASHINGTON, Jan 22 (Reuters) - U.S. President Donald Trump is pushing a plan to explicitly use revenue from higher tariffs on imported goods to help pay for extending trillions of dollars in tax ...
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