Mon, February 3, 2025
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What do Trump's executive orders say on tariffs and how would they work?

With a trio of executive orders, President Donald Trump has almost instantly thrown the world economy and his own goal of cutting inflation into turmoil.
Donald Trump has proposed a series of executive orders aimed at imposing tariffs on imports, particularly targeting China, to counteract what he describes as unfair trade practices. These orders would introduce a system where tariffs could be applied based on the level of currency manipulation or devaluation by foreign countries, with higher tariffs for more significant devaluations. Additionally, Trump's plan includes a "universal baseline tariff" on most imported goods, with exceptions for certain allies like Israel and possibly the UK. The tariffs would be adjusted based on the trade deficit with each country; for instance, countries with a trade surplus with the U.S. would face higher tariffs. This approach aims to protect American industries, reduce the trade deficit, and encourage domestic production, although it could potentially lead to increased costs for consumers and retaliatory measures from trading partners.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/politics/government/what-do-trump-s-executive-orders-say-on-tariffs-and-how-would-they-work/ar-AA1yhDWE ]