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Impact of Trump’s Planned Tariffs
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The price of electronics, for example, will rise by some 10% based on existing tariffs, according to the Budget Lab.
From TIME
U.S. President Donald Trump has for weeks pegged April 2 as a "Liberation Day" to impose an array of new tariffs that could upend the global trade system, but has provided few details.
From Reuters
House Republican leaders on Tuesday canceled votes for the rest of the week after a band of GOP lawmakers staged a rebellion on the floor, bringing legislative action to a screeching halt.
From Yahoo
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Dreyfuss NEW YORK (Reuters) -Investors in financial derivatives called U.S. inflation swaps are betting that President Donald Trump's tariffs will have a hefty short-term impact on consumer prices that will recede in the next few years as recession concerns escalate.
President Trump has been hinting at 'Liberation Day' for weeks now. Reports suggest he will implement reciprocal tariffs. What does that mean for AL?
A democrat, a republican and an economist weigh in on Trump's tariffs and what to expect after Wednesday's "Liberation Day" announcement.
Trump has labeled Wednesday “Liberation Day,” arguing tariffs are needed to drive investment in domestic manufacturing after decades of outsourcing U.S. industries and jobs. Many energy analysts say the move threatens to raise prices for electricity, automobiles and gasoline.
U.S. natural gas prices are already up by around 80% from a year ago, but are due for a fresh jolt from the knock-on effects of the latest round of trade tariffs imposed by the U.S. government on goods entering the country.
During his first term, Trump imposed several tariffs, primarily targeting imports from China, and certain global goods like steel and aluminum, washing machines and solar panels. Some of those tariffs remain while others have expired.
President Trump has suggested his impending 25% tariffs on foreign vehicles and auto parts could be avoided by those who buy cars made entirely in the United States. The only problem: There aren’t any.
It's unclear the extent to which consumers will be impacted by US-EU tariffs, but what is clear is that they will not escape unscathed, writes Adam Maguire.
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