The Trump campaign points out that U.S. inflation remained low even as Trump aggressively imposed tariffs as president. Consumer prices rose just 1.9% in 2018, 2.3% in 2019 and 1.4% in 2020. And they note that, once in office, the Biden-Harris administration retained most of Trump’s tariffs, though Harris has criticized his plans to vastly ... Donald Trump’s tariffs and the trade war his administration launched against China turned out to be far more damaging than many believed. That is the conclusion of research finding companies,... In “Joe Biden’s Inflationary Trade Policy” (op-ed, Jan. 5), William Walker and Stanton Anderson attempt to blame President Trump’s tariffs as the “real culprit” for President Biden’s ... “Trump Is Proposing a 10% Tariff. Economists Say That Amounts to a $1,700 Tax on Americans,” a representative CBS News headline declared in June. At a moment when the cost of living is... Trump has pledged to impose tariffs on foreign imports, and up to at least 60% on Chinese goods coming into the U.S., a cost the economists say will be passed on to U.S. consumers in the form... The Trump administration imposed nearly $80 billion worth of new taxes on Americans by levying tariffs on thousands of products valued at approximately $380 billion in 2018 and 2019, amounting to one of the largest tax increases in decades. Treasury Secretary Janet L. Yellen warned in a speech on Thursday that the economic policies being proposed by former President Donald J. Trump would fuel inflation and harm businesses, raising... Some economists are warning Trump’s trade agenda and the ensuing retaliation from trading partners would hurt the US economy by worsening inflation, killing jobs, depressing growth and spooking... Trump has spoken of finding ways to lower the value of the dollar to make U.S. exports more attractive to foreign customers. But global tariffs would undermine that goal, pushing the dollar...
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