Tag: tariffs
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What tariffs do and why economists don’t like them
“The most beautiful word in the dictionary is tariff,” former President Donald Trump told the Economic Club of Chicago last week. “It’s my favorite word.” The Republican candidate for president has spent the past few weeks floating ever higher proposals for raising surcharges on foreign goods entering the United States. He has called for a…
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European Union votes to impose tariffs on Chinese electric vehicles
The European Union on Friday voted to adopt definitive tariffs on China-made battery electric v ehicles. “Today, the European Commission’s proposal to impose definitive countervailing duties on imports of battery electric vehicles (BEVs) from China has obtained the necessary support from E.U. Member States for the adoption of tariffs,” the E.U. said in a statement.…
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The politics of tariffs are complicated. A Democrat just introduced a bill to make Trump’s proposals law.
LINCOLNVILLE, Maine — Former President Donald Trump calls himself a “tariff man” and says the taxes on imported goods “are the greatest thing ever invented,” so it’s no surprise Vice President Kamala Harris has attacked the centerpiece of the GOP nominee’s economic agenda as bad policy. What’s more surprising, however, is that one House Democrat…
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Biden’s new tariffs on Chinese goods are mostly symbolic. Here’s why.
New U.S. tariffs on $18 billion in Chinese goods take effect Friday as trade tensions intensify between the world’s two largest economies. The tariffs affect 14 categories of Chinese goods including green technology such as electric vehicles, solar panels and EV batteries — sectors that Beijing has prioritized as it tries to dig out from…