Trump Team Studies Gradual Tariff Hikes Under Emergency Powers: Bloomberg
- The dollar has fallen due to reports of gradual tariffs proposed by President-elect Donald Trump's economic team, which aims to boost negotiating leverage and avoid economic spikes.
- Trump's team is discussing tariffs as a tool to protect U.S. Industries and generate revenue, potentially raising $450 billion annually.
- Senate confirmation hearings for Trump's cabinet nominees will begin this week, focusing on controversial picks like Robert O'Brien.
- Democrats are rejecting a proposal to attach wildfire aid to a federal debt limit increase, as reported by Politico.
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Total News Sources0
Leaning Left2Leaning Right6Center7Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
13%
C 47%
R 40%
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