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[10] [11] China implemented retaliatory tariffs equivalent to the $34 billion tariff imposed on it by the U.S. [12] In July 2018, the Trump administration announced it would use a Great Depression-era program, the Commodity Credit Corporation (CCC), to pay farmers up to $12 billion, increasing the aid to $28 billion in May 2019. [13]
Biden kept the Trump-era tariffs and added some of his own, including a 100% tax on imports of electric cars from China, a 50% tax on solar panels and a 25% tax on lithium-ion batteries and steel ...
Economists say that Trump's overall tariff plans, likely his most consequential economic policy, would push U.S. import duty rates back up to 1930s-era levels, stoke inflation, collapse U.S.-China ...
"We expect the second Trump administration to increase tariff rates on imports from China by around 20pp on average," said Peng. "Tariffs will likely rise more sharply on non-consumer goods than ...
Trump announced new plans for tariffs on imports from Canada, Mexico, and China. US imports from Mexico, China, and Canada totaled $1.32 trillion in 2023. US markets were muted in their reaction ...
President-elect Donald Trump has promised a major escalation of the nation’s tariffs. Trump has proposed tariffs of between 60% and 100% on Chinese goods, and a tax of between 10% and 20% on ...
President-elect Donald Trump is expanding his plans for tariffs on Mexico, China, and Canada. The US imports key goods from those countries that could see price increases, including electronics ...
On the campaign trail, Trump proposed ramping up tariffs to 60% on China and imposing tariffs of up to 20% on all $3 trillion of US imports. Since winning election, Trump has vowed to slap ...