Trump, US tariffs and trade deficit
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On the one hand, they allow a country to consume more than it produces and buy things that it may lack the resources to produce.
From USA TODAY
Across his political career, Donald J. Trump has made his case for tariffs by relying on a number of false and misleading claims.
From The New York Times
President Trump’s latest tariffs are about to become an unavoidable and expensive reality for American businesses and for people who rely on foreign goods.
From The New York Times
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One way to look at President Donald Trump’s statement is to consider the value of Chinese exports to the U.S. In 2024, goods China exported to the U.S. amounted to $439 billion, less than half Trump’s $1 trillion total.
The best way to keep America great is to ensure it remains the world’s most important economy.
According to Forbes, "There appears to be little Trump, Biden or any president can do about trade deficits, despite vowing to bring back manufacturing to the United States, which remains the world’s third-largest manufacturer." While trade surpluses are ...
The president announced sweeping tariffs on Wednesday in an effort to reset global trading relationships. Here’s what you need to know.
Since President Donald Trump took office for his second term, he has implemented a whirlwind of tariffs with a goal of eliminating US deficits with trade partners that he sees as evidence of ...
Oklahoma Republican Sen. James Lankford asked U.S. Trade Representative Jamieson Greer during a Finance Committee hearing Tuesday about the "timeline" for the Trump administration to negotiate new trade deals with dozens of countries asking to talk about Trump's tariffs.
The White House announced that China's government missed its deadline to lift retaliatory tariffs, so U.S. levies on imports from China will rise to 104%.
U.S. Carlos Barria/Reuters US exports not only reduce deficits, they also bring higher-paying jobs and greater innovation. A tariff-driven trade war will hold back their growth. Current political ...
Behind President Trump’s decision to hit some of America’s largest trading partners with stiff tariffs is his fixation on the trade deficit that the United States runs with other nations.