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US President Trump recently floated a “tariff dividend,” a one-time payment of at least $2,000 to most Americans, to be paid out of the customs duties the government now collects under his tariff program. The idea is simple and catchy: take the money ...
The president loses his biggest tariffs power.
From 50% duties to a temporary 10% levy, US tariff rules on Indian goods have shifted, lowering costs for now while leaving sectoral duties and trade deal negotiations largely unchanged
Ahead of a federal court ruling on Donald Trump’s trade tariffs, Treasury Secretary Scott Bessent warned that a legal defeat risked creating a “dangerous diplomatic embarrassment.” Not surprisingly, this did not prove persuasive. NBC News reported: A ...
As radical increases in US tariffs begin to redefine the country’s trading relationships, American consumers are getting a crash course in how taxes on imports work. Here are the basics. Technically, a tariff, also known as a duty, is a tax to be paid on ...
President Donald Trump in recent days slapped tariffs as high as 50% on dozens of countries, restoring the type of aggressive trade policy that sent stocks plummeting a few months ago. The new round of levies prompted little more than a shrug on Wall Street.
Trump's new executive order complicates matters for India, which faces an 18% reciprocal tariff under a recent trade deal. This could effectively lead to a combined tariff rate of 28% on certain goods.