Trump, Liberation Day and tariffs
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CBS News |
President Trump's tariffs have sent the stock market spiraling and shockwaves through the American economy, affecting farmers, autoworkers and small business owners.
The Boston Globe |
The higher rates are set to be collected beginning Wednesday, ushering in a new era of economic uncertainty with no clear end in sight.
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President Donald Trump has kept his promise on tariffs — so much so that it’s freaking out investors, economists, CEOs and a growing segment of the population who fear the import taxes will do more harm than good.
President Donald Trump is scheduled to announce significant tariffs on other countries in a speech Wednesday afternoon at the White House.
The Trump administration took that formula’s figure, -0.5 for South Korea, and divided it by two to calculate the U.S. “discounted reciprocal” tariff rate. So, while South Korea imposes an effective tariff rate of .79 percent on U.S. goods, the reciprocal tariff rate the U.S. is imposing on South Korea is 25 percent.
White House press secretary Karoline Leavitt will speak to reporters Tuesday afternoon, a day before President Trump’s tariffs on the Canada, Mexico, China and certain product imports, are
Peter Navarro, a senior White House trade adviser, defended President Trump’s tariffs and addressed criticism from Elon Musk.
President Trump said Monday he’s not considering pausing his sweeping tariffs but is willing to negotiate with other countries.
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The New Republic on MSNTrump Trade Adviser Moves Goalposts on Tariffs Despite WarningsOne of Donald Trump’s top economic advisers, Peter Navarro, is blowing off an offer from Vietnam to eliminate all of its tariffs on American goods. In an interview on CNBC Monday, Navarro said that the country’s offer was not enough for the U.
Bring back manufacturing? Raise revenue? Negotiate with every country in the world? Trump can’t have his cake and eat it too.