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Trump wants more tariffs. His earlier trade wars cost Americans $230 billion to date
Trump wants more tariffs. His earlier trade wars cost Americans $230 billion to date
By Katie Lobosco, CNN
6 minute read
Published 11:35 AM EDT, Mon March 18, 2024
When former President Donald Trump was in the White House, he proudly referred to himself as a “Tariff Man” – and he has no intention of retiring that self-proclaimed title if reelected.
Trump has repeatedly floated the idea of imposing a 10% tariff on every good coming into the US, as well as a tariff upward of 60% on all Chinese imports if he regains the presidency. On Saturday, during a campaign rally, he promised a “100% tariff” on cars made outside the US and warned of a “bloodbath” for the American auto industry if he doesn’t get reelected.
Starting in 2018, Trump put new tariffs of up to 25% on washing machines, solar panels, steel and aluminum, as well as many Chinese-made goods including baseball hats, luggage, bicycles, TVs and sneakers – and President Joe Biden has left most of these tariffs in place.
{snip}
By Katie Lobosco, CNN
6 minute read
Published 11:35 AM EDT, Mon March 18, 2024
When former President Donald Trump was in the White House, he proudly referred to himself as a “Tariff Man” – and he has no intention of retiring that self-proclaimed title if reelected.
Trump has repeatedly floated the idea of imposing a 10% tariff on every good coming into the US, as well as a tariff upward of 60% on all Chinese imports if he regains the presidency. On Saturday, during a campaign rally, he promised a “100% tariff” on cars made outside the US and warned of a “bloodbath” for the American auto industry if he doesn’t get reelected.
Starting in 2018, Trump put new tariffs of up to 25% on washing machines, solar panels, steel and aluminum, as well as many Chinese-made goods including baseball hats, luggage, bicycles, TVs and sneakers – and President Joe Biden has left most of these tariffs in place.
{snip}
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