President Trump acknowledges his tariffs will “short term [cause] some little pain” but claims they’ll be “worth the price that must be paid.” Trump is right that his tariffs will cause “a little disturbance,” but unfortunately, he’s wrong that with time tariffs will bring wealth and jobs creation. History shows tariffs lead to lasting economic…
NEW YORK (AP) — Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty.Trump is no stranger to tariffs. He launched a trade war during his first term, taking particular aim at China by putting taxes on most of…
Executive Summary Former president and presidential candidate Donald Trump has proposed a 10 percent tariff on all imports into the United States, which would result in average estimated additional costs per U.S. household of between $1,700 and $2,350 annually. The top 10 U.S. import partners, which represent nearly 70 percent of all imports, would be…
Exchange receives broad-based market support to enhance listed issuers’ climate-related disclosures New Climate Requirements aligns more closely with IFRS S2, to be effective from 2025 reporting year in phases Exchange publishes Implementation Guidance (with references to IFRS S1) to assist issuers’ compliance with the New Climate Requirements The Stock Exchange of Hong Kong Limited…
Tariffs 101: What are they and how do they work? What are tariffs? Tariffs are taxes imposed by a government on goods and services imported from other countries. Think of tariff like an extra cost added to foreign products when they enter the country. They’re usually a percentage of the price of the goods. The…
The United States government first implemented tariffs shortly after the Constitution’s ratification to help fund the young nation’s government. Over time, these taxes on internationally traded goods largely fell out of favor, only to resurface between World Wars I and II before fading again. Recently, tariffs have once again emerged as a favored policy tool,…
It hasn’t been the best week for CNN, as their own Scott Jennings has been issuing them key reminders about their delusional talking points. On Thursday afternoon, President Donald Trump issued a warning to the network as well, specifically for Kaitlan Collins. Such a moment has since become a trending topic over X, highlighting Trump’s…
President-elect Trump has promised to impose steep new taxes on trade, including a 10-20 percent tariff on all imports, at least a 60 percent tariffTariffs are taxes imposed by one country on goods imported from another country. Tariffs are trade barriers that raise prices, reduce available quantities of goods and services for US businesses and…
President-elect Donald J. Trump further solidified his position as a defender of the working class this week. Mr. Trump met with leaders of the Longshoreman’s Association, and it was an experience that the top officials of this labor union couldn’t have imagined. Its vice president, Dennis Daggett, posted on Facebook that the meeting was nothing…
In a clear display of political bias, celebrities recently canceled multiple performances at the Kennedy Center in protest of President Donald Trump. Once celebrated for its commitment to artistic expression, this arts institution has allowed partisan politics to shape its programming decisions. Trump’s shakeup, in which he ousted 18 members of the Kennedy Center for…
The imposition of tariffs on Mexico and Canada shows that President Trump’s industrial policy isn’t just rhetoric; it could be applied equally to friends and foes. But what exactly are tariffs? How do they work? Who ultimately pays the price? And what could happen to USMCA if similar tariffs are imposed? Let’s break it down:…
The word “tariff” made its way into English sometime in the 16th century. Hulton Archive/Getty Images hide caption toggle caption Hulton Archive/Getty Images Tariffs are President Trump’s favorite word. That’s not an exaggeration. “I always say ‘tariffs’ is the most beautiful word to me in the dictionary,” he said at a rally just hours after…