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On the campaign trail, Vice President Kamala Harris referred to her then-opponent’s tariff policy as a “Trump Tax.” Several independent studies have found that if Trump implements an across ...
Harris has criticized Trump’s tariff plans, calling them a “sales tax on the American people” in an interview with MSNBC, and claiming they would increase household costs by $4,000 a year.
President Donald Trump has repeatedly threatened to dramatically expand tariffs.It’s a move that could affect trillions of dollars in trade and reshape prices for everything from cars to ...
For the first portion of U.S. history, the bulk of the federal government’s revenue—in some years nearly 100%—came from tariffs. The country began to trim its reliance on tariffs after a ...
The US trade deficit widened to a record $945 billion in 2022, narrowed to $785 billion in 2023, but was expected to widen again in 2024 in part due to economic expansion and consumer demand, an ...
Harris has also been critical of Trump's plans for new tariffs, likening them to a national sales tax that she said would add over $3,900 to a typical family budget, as companies that pay the ...
Trump has suggested that there should be a 10 to 20 percent tariff on all imports from all countries and that he would slap a 60 percent tariff on Chinese imports, according to CNN.
The washing machine tariffs were part of a broad new tariff regime Trump imposed in an effort to protect American workers from anti-competitive Chinese trade practices.