How Trump's tariffs hurt tax reform
- Trump administration officials considered new tax breaks for U.S. Exporters.
- This consideration arose from foreign retaliation against President Trump's tariffs.
- This retaliation involved other countries imposing duties on various American goods.
- For instance, Beijing imposed 125% duties and the EU threatened 25% duties.
- Such potential tax breaks would complicate the tax code and reduce government revenue.
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How Trump’s Trade War Hits Aussie Students Where It Hurts
What’s happening? In a dramatic escalation of global trade tensions, U.S. President Donald Trump has announced a new round of tariffs targeting imports from several countries, including Australia. The tariffs are part of what Trump has dubbed “Liberation Day”, a sweeping economic plan designed to reduce American reliance on foreign trade and curb what he claims are unfair practices by U.S. trade partners. The policy marks a shift toward econom…
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Total News Sources47
Leaning Left3Leaning Right1Center40Last UpdatedBias Distribution91% Center
Bias Distribution
- 91% of the sources are Center
91% Center
C 91%
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