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Jul 7, 2023 · Introduction. The Trump administration imposed several rounds of tariffs, amounting to an $80 billion tax increase on $380 billion worth of imports (based on 2018 values), ranging from thousands of products from China to steel and aluminum and washing machines and solar panels.
The $79 billion brought in by the Treasury could in principle come from three different sources: the foreign companies exporting goods to the United States; the American companies importing goods...
Jun 19, 2023 · When he was president, Donald Trump launched a trade war with China, eventually slapping tariffs on more than $300 billion worth of imports. And 2 1/2 years into the Biden presidency, those...
During the presidency of Donald Trump, a series of tariffs were imposed on China as part of his "America First" economic policy to reduce the United States trade deficit by shifting American trade policy from multilateral free trade agreements to bilateral trade deals.
Aug 2, 2019 · Trump is threatening tariffs of 10% on $300bn of Chinese imports. The White House already levies tariffs of 25% on $250bn of Chinese goods. Adding both together would mean roughly all Chinese...
Dec 5, 2018 · The Trump administration has increased taxes on Americans by imposing nearly $42 billion worth of tariffs. These include the following: [4] 25 percent tariff on imported steel, which amounts to about a $7.3 billion tax increase. 10 percent tariff on imported aluminum, which amounts to a nearly $1.7 billion tax increase.
Aug 30, 2023 · Most dramatically, of course, Trump used Section 301—the unfair-trade-practices clause—to unilaterally impose 25 percent tariffs on roughly $250 billion in Chinese goods, and when China...
