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On January 23, 2017, three days after becoming president, Trump withdrew the United States from the politically divisive Trans-Pacific Partnership believing the agreement would "undermine" the U.S. economy and sovereignty. [36] [37] [38] Trump has also indicated a desire to end the North American Free Trade Agreement with Canada and Mexico. His ...
Congress reacted in 1914 by passing two new laws: the Clayton Act, which outlawed using mergers and acquisitions to achieve monopolies and created an antitrust law exemption for collective bargaining; and the Federal Trade Commission Act, which created the Federal Trade Commission (FTC) as an independent agency that has shared jurisdiction with ...
The first Trump tariffs were imposed by executive order (not by act of Congress) during the first presidency of Donald Trump as part of his economic policy. In January 2018, Trump imposed tariffs on solar panels and washing machines of 30 to 50 percent. [36] He soon imposed tariffs on steel (25%) and aluminum (10%) from most countries.
When President-elect Donald Trump returns to the White House, tariffs are likely to once again play a major role in his policy agenda. 3 charts that help explain how Trump’s tariffs would work ...
Some economists caution that Trump’s language about America’s trade gap presents an unfair representation of what has become a crucial mechanism for the US economy — its ability to purchase ...
United States President Donald Trump speaks about the mid-air crash between American Airlines and a military helicopter at the White House in Washington D.C., on Jan. 30, 2025.
Standard Oil (Refinery No. 1 in Cleveland, Ohio, pictured) was a major company broken up under United States antitrust laws.. The history of United States antitrust law is generally taken to begin with the Sherman Antitrust Act 1890, although some form of policy to regulate competition in the market economy has existed throughout the common law's history.
President-elect Donald Trump on Wednesday tapped Gail Slater, an antitrust veteran and economic adviser for JD Vance, to lead the Department of Justice’s antitrust division and take charge of a ...