Trump is saying that he’s going to apply an across the board 60% minimum tariff on Chinese goods
tell us what you expect that to do for the economy of America?
“1. Trump has confirmed he would impose tariffs of 60% or higher on Chinese goods if he wins a second term[3].
2. He is floating tariffs of "more than" 60% on Chinese imports[3].
3. In addition to targeting China with high tariffs, Trump has proposed a universal 10% tariff on all goods entering the United States from other countries[3][4].
4. Specifically, Trump is considering imposing tariffs of 60% to 100% on Chinese imports, while proposing a 10% across-the-board tariff on imports from other countries[1].
It's important to note that these are proposals and not definitive policies. The exact percentages and implementation details may vary if Trump were to be re-elected and attempt to enact these tariffs. The proposals have faced criticism from economists and political opponents due to potential negative impacts on U.S. consumers and the risk of triggering retaliatory tariffs from other countries[2][4].
[1] Trump Interview: His Plan for Taxes, Tariffs, Jerome Powell, More https://www.bloomberg.com/features/2024-trump-interview/
[2] Trump is proposing a 10% tariff. Economists say that amounts to a ... https://www.cbsnews.com/news/trump-tariffs-proposal-10-percent-1700-cost-per-us-household/
[3] Trump floats 'more than' 60% tariffs on Chinese imports - CNBC https://www.cnbc.com/2024/02/04/trump-floats-more-than-60percent-tariffs-on-chinese-imports.html
[4] Trump's proposed blanket tariffs would risk a global trade war | PIIE https://www.piie.com/blogs/realtime...d-blanket-tariffs-would-risk-global-trade-war
[5] Trump says US China tariffs needed on other vehicles, products https://www.reuters.com/world/us/tr...fs-needed-other-vehicles-products-2024-05-14/
