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Tariffs Are a Tax on Consumers, According to Most Economists. This Trump Adviser Says They’re All Wrong.
Steven Miran, Trump’s head of the Council of Economic Advisers, wrote a paper defending tariffs and arguing that tariffs are borne by foreign producers and that the rise in the dollar reduces the cost to Americans.
Canada vows ‘Trump tax’ on US in hard-hitting response to tariffs
Foreign Minister Joly says the country is ready to apply 'maximum pressure' in what would be the biggest trade war with the US in decades Americans will be hit by a "Trump tariffs tax" if the US president-elect increases customs duties on Canadian products,
Massive new Trump tariffs are looming. Here’s how these import ‘taxes’ work and who pays for them
New tariffs are likely coming in Trump’s second term. While companies owe these import taxes, consumers usually foot the bill.
20h
Trump upended trade once, aims to do so again with new tariffs
Trump's biggest first-term trade impact was to shatter decades of political consensus favoring ever-lower trade barriers.
3h
on MSN
One Weapon China Is Reluctant to Deploy Against Tariffs: A Weaker Currency
The last time Trump hit China with tariffs, Beijing devalued the yuan, blunting the impact. This time, Xi Jinping has ...
1d
on MSN
With tariffs and trade in the spotlight, what Trump means when he says America is ‘losing’ billions to Canada, others
When President-elect Donald Trump recently floated the idea of annexing Canada, a key reason he gave was a claim that the ...
16h
Canada ready to respond to potential US tariffs on Monday, foreign minister says
Canada is ready to respond to tariffs from its top trade partner the United States on Monday if President-elect Donald Trump ...
14h
Make American Shipbuilding Great Again—Cut Tariffs For U.S.-Built Ships
America’s shipbuilding industry needs a jump-start. Cutting tariffs for cargo carried on U.S. flagged ships might be the ...
10h
on MSN
Trump Ready to Bypass Congress on Border and Tariffs
Emboldened by voter support and past legal wins, the new administration intends to move aggressively and push the limits of ...
15h
on MSN
A top Canadian official explains how Canada will respond to Trump’s tariffs
Canada is prepared to retaliate if President-elect Donald Trump imposes tariffs on the country. Canada’s Foreign Minister, ...
1d
Bessent: China Will Cut Prices In Response To Tariffs So They Can Continue To "Export Their Way Out Of Economic Malaise"
Scott Bessent told Sen. Ron Wyden, during his confirmation hearing to serve as Donald Trump's Treasury Secretary, he believes ...
SmartAsset on MSN
2d
How Can Tariffs Affect the Everyday Lives of People?
Tariffs, such as those implemented during the Trump administration, can influence everyday expenses by raising the cost of ...
1d
How would tariffs on Mexico affect Arizona? The state's trade with Mexico by the numbers
Exports from Arizona to Mexico totaled $8 billion in 2023 and imports to Arizona totaled $11.8 billion, according to the ...
1d
on MSN
How Tariffs on Chinese Goods Could Affect Your Grocery Bill
Trump's planned 60% tariffs on Chinese imports won't just affect electronics—they could drive up grocery prices too. Learn ...
8h
on MSN
Why Trump’s Plan to Escalate Tariffs Has So Many Haters
Donald Trump is promising to put import taxes back at the center of US economic policy during his second term as US president ...
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