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  2. What are the BRIC nations? Why did Donald Trump ... - AOL

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    President-elect Donald Trump continues to threaten to use tariffs against foreign nations, this time toward a bloc of nine countries if they try to undermine the dollar's global dominance.. In a ...

  3. What are tariffs and why does Trump plan to use them? How ...

    www.aol.com/tariffs-why-does-trump-plan...

    For example, when Trump imposed tariffs on steel and aluminum imports in 2018, six trading partners — Canada, China, the European Union, India, Mexico and Turkey — imposed retaliatory tariffs.

  4. Trump’s tariffs could spark a trade war and an ‘inflation ...

    www.aol.com/finance/trump-tariffs-could-spark...

    In his study, Klement found the extreme version of Trump’s tariff proposal, a 20% blanket tariff on foreign imports, plus a subsequent trade war, would reduce U.S. GDP by roughly 0.3% in the ...

  5. Trump warns BRICS nations against replacing US dollar

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    U.S. President-elect Donald Trump on Saturday demanded that BRICS member countries commit to not creating a new currency or supporting another currency that would replace the United States dollar ...

  6. Opinion - Donald Trump’s tariff plan could bring us back to ...

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    Donald Trump's proposed tariffs on imports would likely lead to a depression similar to the Great Depression, as seen in the Smoot-Hawley tariff act of 1930, which caused the global trade to ...

  7. Customs duties in the United States - Wikipedia

    en.wikipedia.org/wiki/Customs_duties_in_the...

    Until recently, the United States applied a customs tariff that was among the lowest in the world: 3% on average. [7] [8] However, with increased tariffs on Chinese goods, as of May 2019, the US has the highest tariff rate among all developed nations with a trade-weighted tariff rate of 4.2%. [9]

  8. History of tariffs in the United States - Wikipedia

    en.wikipedia.org/wiki/History_of_tariffs_in_the...

    Currently only about 30% of all import goods are subject to tariffs in the United States, the rest are on the free list. The "average" tariffs now charged by the United States are at a historic low. The list of negotiated tariffs are listed on the Harmonized Tariff Schedule as put out by the United States International Trade Commission. [104]

  9. What tariffs do and why economists don't like them - AOL

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    He has called for a 20% blanket tariff on all imports, tariffs of at least 60% on products from China, 100% tariffs on nations that shift away from trading with the dollar, and a 2,000% tariff on ...