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President Donald Trump at a news conference in the Roosevelt Room of the White House on Jan. 21, ... Trump proposed new 25% tariffs on Mexico and Canada. ... Update, Jan. 22, 2025: This piece has ...
Further, Trump has also mentioned an additional 10% tariff upon any additional tariffs on imports from China (he has already promised a 60% tariff on China, per Reuters).
The CBO estimated that more tariff revenue would help shrink the federal budget deficit by $2.7 trillion from fiscal years 2025 to 2034.
Trump, who takes office on Jan. 20, 2025, said he would impose a 25% tariff on imports from Canada and Mexico until they clamped down on drugs, particularly fentanyl, and migrants crossing the ...
President-elect Donald Trump slammed a Washington Post story that said his aides are considering a watered-down version of his universal tariff plan. The dollar still fell on the report while ...
On the campaign trail, Trump proposed imposing blanket tariffs of 10% to 20% on virtually all imports. He also floated slapping tariffs higher than 200% on Mexican-made automobiles, explaining ...
As a result of Trump’s promise to bring high tariffs back with his incoming administration (specifically, he has suggested a general 10 to 20% tariff on all imports from all foreign countries ...
The World Bank has even warned that U.S. tariffs of 10% can reduce global economic growth of 2.7% in 2025 by 0.3 percentage points (pp) if trading partners retaliate.