Sunday shows preview: New tariffs upset global trade; Senate GOP advances Trump agenda
- President Trump announced new tariffs with a minimum base of 10% on imported goods.
- Trump's administration aimed to address unfair trade practices and reduce the US trade deficit.
- China faced an additional 34% tariff, bringing the total tariff on Chinese imports to 54%.
- Wang Yi stated, "No country should harbor the illusion that it can suppress and contain China."
- Economists estimate the tariffs could decrease US GDP by $438.4 billion and trigger global economic consequences.
23 Articles
23 Articles
Senate majority whip on tariff legalities
WASHINGTON (CBS, KYMA/KECY) - The president's plan to implement tariffs aligns with his campaign promises, aiming to combat high inflation and prevent a $4 trillion tax increase proposed by Democrats. While some Senate members, including Chuck Grassley, push for more congressional control over tariffs, the president is on firm legal ground, with Congress having increasingly granted executive authority on trade and national security over the past…
New modelling reveals impact of Trump’s tariffs – US hit hardest
We now have a clearer picture of Donald Trump’s ‘Liberation Day’ tariffs and how they will affect other trading nations, including the United States itself.The US administration claims these tariffs on imports will reduce the US trade deficit and address what it views as unfair and non-reciprocal trade practices. Trump said this would forever be...
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