US tariffs: how Trump’s tax is hitting Big Tech and beyond
President Donald Trump’s sweeping tariff threats have been touch and go. As it stands currently, the 25 percent tax on goods from Mexico and Canada is on ice for a month, but a 10 percent tariff on Chinese goods is set to take effect on Tuesday, via an executive order of questionable legality.
Trump imposed Tuesday an additional 10% levy on the more than $400 billion of Chinese goods exported to the U.S. annually.
Economists warn that tariffs hurt American businesses and consumers, many of whom are still reeling from the sharp rise in inflation in recent years. Tariffs are paid by US importers, not the ...
Consumers and small businesses are already feeling the impact of President Donald Trump’s new tariffs, which eliminated a key ...
China has revived antitrust investigations into Google and Nvidia, while considering a new probe against Intel, as Beijing ...
Also, expect shoe and sneaker prices to rise. The footwear industry is particularly exposed to tariffs because roughly 99% of ...
The levies have prompted concerns of higher prices for consumers purchasing cars, refrigerators, produce and other items that the U.S. typically sources from abroad.
Donald Trump is the first president to use the International Emergency Economic Powers Act to impose tariffs, teeing up ...
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