Trump, tariffs
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Donald Trump, Steel and Tariff
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As the trade standoff with China continues, President Trump announced the tariff on foreign steel will double from 25% to 50%.
If the tariffs had taken effect as planned, the per-unit cost of a home might have increased by as much as $29,000. In a sector characterized by thin margins, that would have meant a lot of idle construction sites.
President Trump has a number of options at his disposal to implement tariffs, but none are as broad and aggressive as IEEPA.
The White House has lashed out against a US trade court decision to strike down a huge swath of President Trump’s tariffs. But before the ruling, Trump’s protectionist agenda was one of his least popular policies,
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Explícame on MSNClothing and textiles, among the products most affected by Trump's tariffsThe aggressive tariff policies under President Donald Trump have significantly impacted the U.S. economy, with clothing and textiles among the hardest hit. As tariffs increase government revenue, the burden ultimately falls on American consumers,
The display of unity between President Trump and Elon Musk comes after Musk issued a series of criticisms of Trump's policies, both directly and through his companies.