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The legal basis cited in Trump's tariff order is Section 232 of the Trade Expansion Act of 1962 which under certain circumstances allows the president to impose tariffs based on the recommendation from the U.S. Secretary of Commerce if "an article is being imported into the United States in such quantities or under such circumstances as to ...
Throughout his campaign, President-elect Donald Trump promised to impose tariffs on goods coming in from other countries as the central element of his economic plan for the country.. He claimed in ...
While inflation did not increase significantly under the tariffs during Trump's first term, some economists and trade experts expect the broader scope of Trump's proposals this time around to have ...
The U.S. Constitution clearly defines the legislative branch's power to "regulate commerce with foreign nations, and among the several states" to impose and collect tariffs.
Trump has proposed a 60% tariff on all Chinese imports and a universal 10% tariff on imports from all countries, a practice unseen since World War II. ... Congress holds the power of the purse ...
Economists say that Trump's 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 trade ...
President-elect Trump announced plans to impose a 25% across-the-board tariff on all imports from Canada and Mexico, effective his first day in office. But the move is largely "a diplomatic" one ...
Donald Trump loved to use tariffs on foreign goods during his first presidency. “There's going to be a lot more tariffs, I mean, he's pretty clear,” said Michael Stumo, the CEO of Coalition ...