In a worrying move that signals potential upheaval for international trade relations, Donald Trump's pick for Commerce Secretary has declared a preference for blanket tariffs that target countries over specific products. This approach, criticized for its potential to instigate trade wars, particularly with China, underscores a risky departure from nuanced trade policies. Experts warn such tariffs could harm American consumers and strain global economic partnerships.
Trump's Commerce Nominee Advocates for Regressive Tariffs, Threatens Global Trade Relations
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Jan-31
Law
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by Beiyi SEOWDonald Trump's commerce secretary nominee told his US Senate confirmation hearing Wednesday he favors "across-the-board" tariffs targeting countries rather than products, while signaling a hawkish China stance."We can use tariffs to create recipr…
From Raw Story
Jan-31
Law
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In a decisive turn towards bolstering American economic independence, Donald Trump's nominee for Commerce Secretary has emphatically endorsed the use of broad tariffs to protect national interests. His unwavering commitment to challenging China's unfair trade practices signals a refreshing shift towards prioritizing American jobs and businesses. Advocates celebrate the move as a step towards rectifying longstanding trade imbalances and securing a prosperous future for the U.S. economy.
From Raw Story