President-elect Donald Trump’s “America First” plan to enact huge tariffs on imported goods threatens to jack up the cost and slow down the development of US cleantech projects. On the campaign trail, Trump pledged to enact 10% to 20% across-the-board tariffs on all ove...
WASHINGTON, Aug. 21 (Xinhua) -- Tariffs imposed by the Trump administration amid its ongoing trade disputes with countries around the world are expected to reduce the average U.S. household's income by 580 U.S. dollars by 2020, the non-partisan Congressional Budget Office (CBO) said in a...
Trump on Monday fired the warning shot in a looming trade war with the top three US trading partners by threatening to impose huge tariffs on Mexico, Canada and China if they failed to stop illegal migration and drug smuggling into the United States. He said he would charge 2...
WASHINGTON, Jan. 25 (Xinhua) -- U.S. President Donald Trump's decision to slap steep tariffs on imports of washers and solar cells would cost more American jobs than he wants to save, analysts said. Trump has approved imposing safeguard tariffs of up to 50 percent on imported washers for...
President-elect Donald Trump has made it no secret that tariffs are one of his preferred economic policies. “To me, the most beautiful word in the dictionary is tariff,” he said in an October interview at the Economic Club of Chicago. “And it’s my favorite word.” ...
Trump and China's Xi meeting could be 'breakthrough' China tariffs will 'certainly hurt' US consumers: Gordon Chang In an interview withThe Wall Street Journalon Monday, Trump said he expects to move forward with boosting tariff levels on $200 billion of Chinese goods, adding that he thought...
She said there has been initial calculation that with the steel tariff imposed, up to 500 million U.S. dollars will be added on to the Alaska LGN pipeline. "When you think of extraordinarily cost increase, the impacts of the tariffs to the overall cost is a concern and is considerable,"...
industries are on imported parts, or intermediate inputs" that aren't U.S. made or that "have no easy substitute," the PIIE analysis said. "Tariffs would raise the cost of these parts and domestic production, which makes products more expensive to consumers and lowers demand" home and ...
Ford CEO Jim Hackett urged the Trump administration to resolve its trade disputes with China and Europe, noting that import tariffs have cost the Detroit-based company $1 billion profits. “The metals tariffs took about $1 billion in profit from us – and the irony is we source most of tha...
American consumers. I’m more of a free-trade kind of Republican that remembers how many jobs are created by the exports that we engage in. So, I’m not a tariff fan,” McConnell told reporters when asked he’s concerned about the potential economic impact of Trump’s proposed tariffs. ...