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People follow a virtual speech of U.S. president Donald Trump at the Annual Meeting of World Economic Forum in Davos, Switzerland, Thursday, Jan. 23, 2025.
Trump, who takes office later in the day, has previously pledged tariffs of 10% on global imports, 60% on Chinese goods and a 25% import surcharge on Canadian and Mexican products, duties that may ...
Trump tariffs lurk as a dark cloud over retailers in 2025. During his presidential campaign, Trump pitched several ways to up tariffs on other countries. Those included a 10% to 20% tariff on all ...
During the campaign, Trump vowed tariffs as high as 60% on China and up to 20% on other trading partners. After his victory, he vowed an additional 10% duties on China and 25% on Mexico and Canada.
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).
President Joe Biden largely re-upped Trump's policy in May — and added new tariffs on certain sectors. Biden exclusively told Sozzi at the time that the fresh tariffs were about " being fair ."
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 ...
Trump’s plan for tariffs, tax cuts, reduced regulation, and a crackdown on immigration could lead to inflation rising by 2.7% by the end of 2025, JPMorgan hedged, with the Fed funds rate rising ...