White House considering roughly 20% tariff on most imports, report says
- U.S. Stock indexes are expected to open lower as investors anticipate new tariffs from the Trump administration on imports, with a proposal for a 20% tariff drafted by White House aides.
- President Donald Trump stated the tariffs are intended to combat unfair trade practices and claimed they would raise over $6 trillion in federal revenue.
- Goldman Sachs forecasts a 35% chance of recession in the U.S. Due to the tariffs, predicting economic growth to slow and unemployment to rise.
- Economists widely oppose the tariff plan, citing potential job losses and a drop in stock market value, with projections of more than 5 million jobs lost by early 2027.
56 Articles
56 Articles
Trump Aides Draft Tariff Plans as Some Experts Warn of Economic Damage
White House aides have drafted a proposal to impose tariffs of about 20 percent on most imports to the United States, three people familiar with the matter said, as President Donald Trump pushes for the most aggressive overhaul of the global economic system in decades.
Donald Trump is hesitating? U.S. last-minute analysis of reciprocal tariff plans
President Donald Trump's deliberations on his plans to impose reciprocal tariffs are coming to the end of the day, and he has transcended that his team is still finishing the size and scope of the new charges he plans to reveal on Wednesday afternoon.At Tuesday's meetings, the Trump team continued to discuss his options before an event, scheduled to begin closing US markets at 4 p.m. on Wednesday, according to people familiar with the ongoing ta…
Trump to Unleash His Global Trade War After Wall Street Closes on Wednesday - teleSUR English
Previously, Secretary Lutnick will present him with a report detailing trade and tax barriers. On Tuesday, the White House announced that U.S. President Donald Trump will unveil his global tariffs on Wednesday at 4:00 PM Washington time, after the closing of the stock market on Wall Street. RELATED: Donald Trump’s Constant Threats Increase European Resentment The event, dubbed “Make America Wealthy Again,” will take place in the White House Rose…
Hints of Trump’s ‘Liberation Day’ tariff plans emerge as some experts warn of economic havoc
Proposal to impose tariffs of around 20 percent on most imports to the United States, it’s understood, as US president pushes for the most aggressive overhaul of global economic system in decades.
The Real Problem Behind Trump’s Tariff Taxes
Assuming we have a free and fair election in 2028. Let's say I run a large manufacturing company with plants in both Canada and Mexico. Because of Trump's tariffs, I've decided to spend $100,000,000 building a new plant, that’s about to open in...
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