Subscribe for free
This is not a paywall. We'd like to help you read the headlines from your inbox.
Thank you. Please check your inbox to confirm.
... to 145%. It was initially announced on Wednesday as 125%, but that did not include a 20% tariff on China tied to its role in fentanyl production. China has retaliated with tariffs on U.S. goods of 84%, which took effect Thursday. Trump's move was seemingly an attempt to ...
... now be tariffed at 10 percent, even though those two countries had been tariffed by as much as 25 percent by Trump ostensibly to address fentanyl smuggling and illegal immigration. WATCH: Analyst breaks down China’s response to Trump’s trade war Prior to the reversal, business executives were warning ...
... on Chinese goods would reach a combined 104 percent. The new taxes would be on top of the 20 percent tariffs announced as punishment for fentanyl trafficking and his separate 34 percent tariffs announced last week. Not only could that increase prices for American consumers, it could also give China ...
... Mexico are excluded because they already are facing 25 percent taxes on most imported goods that Trump announced last month, in an attempt to force both to crack down on fentanyl smuggling into the U.S. WATCH: Senate passes resolution to undo Trump's Canada tariffs in rare Republican rebuke
The White House clarifies that Trump’s previously-announced 125% figure for tariffs against China is actually 145%, once his previous 20% fentanyl tariffs are accounted for. Separately, the EU puts its steel and aluminum tariff retaliation on hold for 90 days, to match Trump's pause on steeper “reciprocal ...
... to use emergency powers set out in a 1977 law to impose tariffs in a more ad hoc fashion. Trump has said, for example, that fentanyl flowing in from Canada and Mexico constitute a national emergency and has used that pretext to impose 25 percent duties on goods from both ...
... is necessary to secure that border as well.” Republicans lined up on the Senate floor Wednesday afternoon to underscore the need to act to halt fentanyl trafficking, including at the northern border. However, it was not enough to persuade a key group of Senate Republicans who objected to the tax ...
... themselves Longtime trading partners are preparing their own countermeasures. Canada has imposed some in response to the tariffs that Trump tied to the trafficking of fentanyl. The European Union, in response to the steel and aluminum tariffs, put taxes on 26 billion euros ($28 billion) worth of U.S. goods ...
... For their part, Republican leaders were trying to hold their members in line against the tariff resolution by emphasizing that Trump was acting to address fentanyl trafficking and border security. Majority Whip Sen. John Barrasso claimed in a floor speech that former President Joe Biden had “also thrown open the ...
... Longtime trading partners are preparing their own countermeasures. Canada has imposed some in response to the 25% tariffs that Trump tied to the trafficking of fentanyl. The European Union, in response to the steel and aluminum tariffs, put taxes on 26 billion euros' worth ($28 billion) of U.S. goods ...
Support Provided By: Learn more
Subscribe to Here’s the Deal, our politics newsletter for analysis you won’t find anywhere else.