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Read Next: 4 Unusual Ways To Make Extra Money That Actually Work Here are three important financial actions Trump promises to take on his first day as president and their potential impact on you .
The proposed taxes are in addition to earlier campaign promises to impose a baseline 10% tariff on all U.S. imports and a 60% tariff on goods shipped from China, once he takes office.
Trump's 2016 promises are instructive for today, with the now third-time candidate running on a new and massive trade agenda if he wins. In addition to across-the-board tariffs of 10% or higher ...
PolitiFact rated Trump's statement "false" and the Obama administration disagrees with Trump's interpretation. [119] During an interview with Bill O'Reilly, Trump was asked whether he would negotiate a new deal with Iran. Trump responded that, with the current deal, "Iran is doing nuclear. They're going nuclear."
Trump said the Nord Stream 2 gas pipeline from Russia to Germany, owned by Russia's Gazprom, could turn Germany into a "hostage of Russia". [354] Businesses involved in the Nord Stream 2 have been sanctioned by the Trump administration with the passing of the National Defense Authorization Act for Fiscal Year 2020 on December 20, 2019.
The Treasury Department expects the deficit to exceed $1 trillion in FY2020. The budget deficit has increased nearly 50% since Trump took office and has increased for the past four years. This is contrary to Trump's promises to eliminate deficits within 8 years. [191] The 2019 calendar year deficit exceeded $1 trillion. [192]
Trump administration farmer bailouts are a series of United States bailout programs introduced during the first presidency of Donald Trump as a consequence of his "America First" economic policy to help US farmers suffering due to the US-China trade war and trade disputes with European Union, Japan, Canada, Mexico, and others.
Donald Trump made a wide array of promises on the campaign trail in recent months that he will now need to implement after a decisive victory set him up for a return to the Oval Office in 2025.