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Overturning the global trade system, Trump puts his ideas to . . . President Trump's implementation of significant tariffs on numerous nations marks a departure from the established global trade framework These tariffs, varying from 10% to 50%, aim to reshape trade dynamics, potentially benefiting American industries while facing criticism for isolating the U S and raising consumer prices
Why Trumps tariffs may hit low-income households hardest President Trump's tariffs are almost "tailor-made" to hit the goods that lower income households prefer to purchase, says economist Ernie Tedeschi of Yale's nonpartisan Budget Lab
Trumps tariffs: How the president justifies his trade policy . . . Tariffs, in Trump’s view, are also a cure for a number of the nation’s ills and the tool to reach new heights Most economists see taxes paid on imports as capable of addressing unfair trade practices, but they’re skeptical of the quasi-miraculous properties that Trump claims they possess