What will a second Trump presidency bring?: Explained
1 week, 4 days ago

What will a second Trump presidency bring?: Explained

The Hindu  

The story so far: When U.S. President-elect Donald Trump is administered the oath of office on January 20, 2025, and officially kicks off his second term at the White House, it will be the onset of four years that herald the deepening of domestic and foreign policy priorities enacted in his first term as President. This is likely to have impacted the final price of finished goods based on intermediate goods sourced within the U.S. During his 2024 campaign, Mr. Trump had affirmed that he would impose an across-the-board tariff of somewhere between 10%-20% on the entire $3 trillion worth of U.S. goods imports and a China-specific additional tariff of 60%. Other economic policy actions that the Trump White House might advocate for include a carbon-border adjustment tax and quantitative restrictions on investments into U.S. assets such as infrastructure and essential medicine production capabilities, by China. These estimates notwithstanding, there is little doubt that Mr. Trump will attempt to accelerate deportations to fulfil his campaign promises, especially as the first Trump administration deported close to 1.5 million people – almost the same number as outgoing President Joe Biden and far less than former President Barack Obama, who turned away nearly 3 million people over eight years in office.

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History of this topic

Why the US should think twice before launching another tariff war?
2 weeks, 1 day ago

Why the US should think twice before launching another tariff war?

China Daily  

Shipping containers are stored at the Port Newark Container Terminal in Newark, New Jersey, on July 21, 2022. In a move that surprised no one, US President-elect Donald Trump once again played the "tariff card," threatening an additional 10 percent tariff on all Chinese products entering the United States, citing a most far-fetched excuse of US drug problems. Here are …

US tariffs on China unable to stop China trade growth
Trending News
3 weeks, 1 day ago

US tariffs on China unable to stop China trade growth

China Daily  

Vessels dock at the port of Lianyungang, a pilot FTZ area in Jiangsu province. WANG CHUN/FOR CHINA DAILY US president-elect Donald Trump has repeatedly pledged to impose high tariffs on imports from China, including revoking China’s permanent normal trade relations status, resulting in 32 percent tariff, an additional 10 percent tariff, on the basis of the average 19 percent tariff …

US tariffs on China unable to stop China trade growth
Trending News
3 weeks, 1 day ago

US tariffs on China unable to stop China trade growth

China Daily  

Vessels dock at the port of Lianyungang, a pilot FTZ area in Jiangsu province. WANG CHUN/FOR CHINA DAILY US president-elect Donald Trump has repeatedly pledged to impose high tariffs on imports from China, including revoking China’s permanent normal trade relations status, resulting in 32 percent tariff, an additional 10 percent tariff, on the basis of the average 19 percent tariff …

The possibility of tariffs in Trump's second term is dividing U.S. businesses
4 weeks ago

The possibility of tariffs in Trump's second term is dividing U.S. businesses

NPR  

The possibility of tariffs in Trump's second term is dividing U.S. businesses President-elect Trump has called for sweeping tariffs on all imports. HORSLEY: McClelland is counting on Trump's tariffs to raise the price of those imported aluminum goods and give him and other domestic manufacturers a fighting chance. HORSLEY: Even Mark McClelland, the aluminum manufacturer who's rooting for tariffs, admits …

Trump is threatening to raise tariffs again. Here’s how China plans to fight back
4 weeks, 2 days ago

Trump is threatening to raise tariffs again. Here’s how China plans to fight back

LA Times  

President-elect Donald Trump has threatened to impose new tariffs on Chinese imports when he takes office, a move that would deepen a trade war he started six years ago. Trump kicked off a trade war in 2018 by imposing 25% tariffs on imports from China — including industrial machinery, cars, auto parts and television cameras. Last week, the U.S. expanded …

Can Donald Trump enact tariffs without Congress? And can anyone stop him?
1 month ago

Can Donald Trump enact tariffs without Congress? And can anyone stop him?

Al Jazeera  

Raising tariffs on US goods may hurt the economy, but can Trump push them through anyway? “While some argue that it would be a stretch for Trump to claim that all imports are a threat to US national security under Section 232, the courts have routinely deferred to presidents on foreign affairs and trade policy, and legal challenges to the …

Opinion: Trump promised to raise taxes, but Biden and Congress could tie his hands
1 month, 1 week ago

Opinion: Trump promised to raise taxes, but Biden and Congress could tie his hands

LA Times  

Coal is loaded onto a barge near the U.S. Steel Corp. facility in Clairton, Pa. During President-elect Donald Trump’s first term, he enacted tariffs on steel from most countries, which he claimed served national security. Although these tariffs would have significant implications for the federal budget and household finances, there is little to stop Trump from unilaterally enacting these taxes …

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different
1 month, 1 week ago

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different

Huff Post  

LOADING ERROR LOADING WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. Republican presidential nominee former President Donald Trump listens during a campaign rally at Santander Arena, Monday, Nov. 4, 2024, in Reading, Pa. via Associated Press Trump also posted on Monday that Chinese imports would face additional tariffs of 10% until Beijing cracks …

Wall Street’s response to more tariffs: Been there, done that
1 month, 1 week ago

Wall Street’s response to more tariffs: Been there, done that

Live Mint  

Wall Street isn’t thrilled about the return of Donald Trump’s tariff threats. His newly proposed 25% tariffs on imports from Canada and Mexico—the U.S.’s two largest trading partners—would add 0.8 percentage point to a key inflation gauge next year if just half of the costs are passed on to consumers, according to a Deutsche Bank analysis. The two countries, along …

Live updates: Latest on Trump presidential transition news
55 years ago

Live updates: Latest on Trump presidential transition news

CNN  

Trucks wait to cross to the US next to the border wall at the Otay commercial crossing port in Tijuana, Baja California state, Mexico, on November 26, 2024. Guillermo Arias/AFP/Getty Images Anyone who had any doubt that Donald Trump’s love of tariffs is true should take note of his new promise, for Day 1 of his presidency, to slap products …

Trump vows big tariffs on Mexico, Canada and China
Trending News
1 month, 1 week ago

Trump vows big tariffs on Mexico, Canada and China

Raw Story  

U.S. President-elect Donald Trump said Monday he intends to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a swift warning from Beijing that "no one will win a trade war." In another post, Trump said he would also be slapping China with a 10 percent tariff, "above any additional Tariffs," in response to what he said was …

Trump tariffs: It’s one of Trump’s most controversial promises. This is how he might carry it out.
55 years ago

Trump tariffs: It’s one of Trump’s most controversial promises. This is how he might carry it out.

Slate  

This article was originally featured in Foreign Policy, the magazine of global politics and ideas. But tariffs are also touted by Trump’s trade sherpas, such as former U.S. Trade Representative Robert Lighthizer, as a way to force manufacturing back to the United States by discouraging pricier imports. If tariffs are just a threatened big stick to get better trade terms …

What Trump 2.0 could mean for trade, migrants, climate change
1 month, 2 weeks ago

What Trump 2.0 could mean for trade, migrants, climate change

Hindustan Times  

By James Oliphant What Trump 2.0 could mean for trade, migrants, climate change WASHINGTON, - Donald Trump's second presidential term could have huge implications for U.S. trade policy, climate change, the war in Ukraine, electric vehicles, Americans' taxes and illegal immigration. While some of his campaign proposals would require congressional approval, here is a summary of the policies he has …

Trump's mass deportation plan could end up hurting economic growth
1 month, 2 weeks ago

Trump's mass deportation plan could end up hurting economic growth

Raw Story  

President-elect Donald Trump's hardline immigration proposals -- including a controversial mass deportation plan -- could prove economically damaging, analysts say, with US sectors that rely heavily on foreign workers like agriculture and construction especially hard hit. "The construction and agriculture industries would lose at least one in eight workers, while in hospitality, about one in 14 workers would be deported …

Trump ups the ante on tariffs, vowing massive taxes on goods from Mexico, Canada and China on Day 1
1 month, 2 weeks ago

Trump ups the ante on tariffs, vowing massive taxes on goods from Mexico, Canada and China on Day 1

CNN  

CNN — President-elect Donald Trump on Monday promised massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his administration, a policy that could sharply increase costs for American businesses and consumers. “This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this …

What Trump 2.0 could mean for trade, migrants, climate change and electric cars
1 month, 2 weeks ago

What Trump 2.0 could mean for trade, migrants, climate change and electric cars

Hindustan Times  

By James Oliphant What Trump 2.0 could mean for trade, migrants, climate change and electric cars WASHINGTON, - Donald Trump's second presidential term could have huge implications for U.S. trade policy, climate change, the war in Ukraine, electric vehicles, Americans' taxes and illegal immigration. While some of his campaign proposals would require congressional approval, here is a summary of the …

Donald Trump likely to impose 40% tariff on China imports in 2025, risking growth by 0.5-1% point: Report
Trending News
1 month, 2 weeks ago

Donald Trump likely to impose 40% tariff on China imports in 2025, risking growth by 0.5-1% point: Report

Live Mint  

The US could impose nearly 40 per cent tariffs on imports from China early next year, potentially slicing growth in the world's second-biggest economy by up to one percentage point. However, most economists also said they do not expect blanket 60 per cent tariffs on Chinese goods in early 2025 as this could accelerate inflation within the US. "We expect …

Donald Trump may impose 40% tariffs on China in early 2025: Report
1 month, 2 weeks ago

Donald Trump may impose 40% tariffs on China in early 2025: Report

India Today  

The United States could impose nearly 40% tariffs on imports from China early next year, a Reuters poll of economists showed, potentially slicing growth in the world's second-biggest economy by up to 1 percentage point. The poll, the first on China's economy by Reuters since Donald Trump's sweeping election victory on November 5, also predicts that the President-elect will resist …

How Trump’s Tax Cuts and Tariffs Could Turn Into Law
1 month, 3 weeks ago

How Trump’s Tax Cuts and Tariffs Could Turn Into Law

New York Times  

Republicans are starting to sketch out how to translate President-elect Donald J. Trump’s economic agenda into law, putting plans in place to bypass Democrats and approve multiple bills reshaping the nation’s tax and spending policies along party lines. Some in the party are hoping to tee up big legislation for early next year and capitalize on Mr. Trump’s first 100 …

Trump 2.0 | Portentions of a second innings
1 month, 3 weeks ago

Trump 2.0 | Portentions of a second innings

The Hindu  

U.S. President-elect Donald Trump is poised to kick off his second term at the White House, a four-year stint that will likely see major shifts in domestic and foreign policy and transform the functioning of a wide range of American public institutions. Mr. Trump has worn many hats over the long arc of his 78 years, and as he dons …

Not just China, these US allies too could suffer the most by Donald Trump's tariffs
1 month, 3 weeks ago

Not just China, these US allies too could suffer the most by Donald Trump's tariffs

Hindustan Times  

President-elect Donald Trump has pledged to levy tariffs on imported goods as part of his second-term economic strategy. During his election campaign, Trump promised to employ tariffs to promote American companies, imposing up to 60 percent levies on Chinese goods and up to 20 percent on imports from other nations. Europe would be severely affected if… Speaking to Newsweek Dr. …

Donald Trump’s deportations and tariffs will be disastrous—for him. He should do nothing.
1 month, 3 weeks ago

Donald Trump’s deportations and tariffs will be disastrous—for him. He should do nothing.

Slate  

As liberals begin to survey the extensive wreckage from another election loss to former President Donald Trump and his Republican Party, they will eventually move from recriminations to preparations. And some of his most destructive work, like accelerating the Iranian nuclear program by pulling out of the Joint Comprehensive Plan of Action in 2018, or imposing economic sanctions on Venezuela …

From high tariffs to isolation, what a 2nd Trump term might mean for foreign policy
1 month, 3 weeks ago

From high tariffs to isolation, what a 2nd Trump term might mean for foreign policy

NPR  

From high tariffs to isolation, what a 2nd Trump term might mean for foreign policy DAVE DAVIES, HOST: This is FRESH AIR. MINTON BEDDOES: The point that we were trying to make is that for the past 80 years, really since World War II, and since the United States led the creation of a new world order after World War …

Tariffs, tax cuts and deportations: What Trump’s policies could mean for America’s economy
1 month, 4 weeks ago

Tariffs, tax cuts and deportations: What Trump’s policies could mean for America’s economy

Firstpost  

Trump campaigned on promises to impose large tariffs on foreign goods, cut taxes for individuals and businesses, and deport millions of undocumented immigrants working in the United States. President-elect Trump has promised to dismantle many of the Biden administration’s policies, pledging substantial tariffs on imports, tax cuts for individuals and businesses, and a crackdown on undocumented immigrants working in the …

Trump has vowed sweeping tariffs: What comes next?
2 months ago

Trump has vowed sweeping tariffs: What comes next?

Raw Story  

U.S. president-elect Donald Trump says "tariff" is the most beautiful word in the dictionary -- and the Republican's second term promises sweeping measures on all $3 trillion worth of US imported goods. - When Washington slapped tariffs on 6.4 billion euros worth of European steel and aluminum exports in 2018, the EU retaliated with "rebalancing tariffs" on US exports -- …

ALEX BRUMMER: Trump tariff plans pose threat to growth
Trending News
2 months ago

ALEX BRUMMER: Trump tariff plans pose threat to growth

Daily Mail  

Detailed exit polling will eventually show why Republicans with Donald Trump on the top of the ballot were triumphant in the US election. Even though the Biden White House can claim success for growth, which hit 2.7 per cent in the third quarter, there was little cut-through for the Democrats. Tariffs: On the campaign trail, Trump proposed a 60% additional …

Donald Trump's day-one agenda: From mass deportations to 'green new deal' rollbacks
2 months ago

Donald Trump's day-one agenda: From mass deportations to 'green new deal' rollbacks

India Today  

As Donald Trump eyes a potential return to the White House, his campaign promises have generated considerable buzz and controversy. Firing Special Counsel Jack Smith Another of Trump’s proposed first acts is the dismissal of Special Counsel Jack Smith, who has filed two federal cases against him. Ending the 'Green New Deal Atrocities' One of Trump’s primary targets is what …

What could a second Trump presidency mean for foreign affairs?
2 months ago

What could a second Trump presidency mean for foreign affairs?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Ms Maddox added: “The question …

Tariffs, immigrants and fiscal policy: Trump’s second term as US president
Trending News
2 months ago

Tariffs, immigrants and fiscal policy: Trump’s second term as US president

Al Jazeera  

Analysts expect Trump to act on his threats of imposing tariffs and blocking immigrants soon in his second term. And while he expects “fairly stiff tariffs” on imports from China, Hufbauer says there will likely be exceptions for billionaires who supported Trump, including businesses like Elon Musk’s Tesla and TikTok. “How far tariffs go depends on how far President Xi …

Here's what Trump 2.0 means for the economy, from tariffs to mass deportations
2 months ago

Here's what Trump 2.0 means for the economy, from tariffs to mass deportations

NPR  

Here's what Trump 2.0 means for the economy, from tariffs to mass deportations toggle caption Win McNamee/Getty Images A second Trump administration has the potential to reshape the economy in fundamental ways. "Some additional tax cuts seem probable in our view, although the timing, size and specifics are highly uncertain," Wells Fargo economists Jay Bryson and Michael Pugliese wrote in …

Donald Trump Tax Plans Would Increase Taxes On 95% Of Americans, Analysis Finds
3 months ago

Donald Trump Tax Plans Would Increase Taxes On 95% Of Americans, Analysis Finds

Huff Post  

LOADING ERROR LOADING Former President Donald Trump’s domestic policy agenda would amount to a tax increase on the vast majority of American households, according to a new analysis by a Washington, D.C., think tank, thanks largely to his proposed tariffs on imported goods. “We’re doing tariffs on other countries.” The conservative Tax Foundation has said Trump’s tariffs would essentially be …

Trump's plans would 'damage' American economy for more than a decade: study
3 months, 1 week ago

Trump's plans would 'damage' American economy for more than a decade: study

Raw Story  

A new study from the Peterson Institute for International Economics projected that former President Donald Trump's second-term policy proposals of mass deportations and massive tariffs on all foreign goods would do significant damage to the American economy. As CNN reports, the study projected that Trump's plans "would cause weaker economic growth, higher inflation and lower employment," and that in some …

"Misleading": Trump touts tariffs as miracle cure-all — but Americans stand to lose the most
3 months, 2 weeks ago

"Misleading": Trump touts tariffs as miracle cure-all — but Americans stand to lose the most

Salon  

As ghosts and monsters prepare to strike this Halloween, Americans might find that what haunts them most are not the ghouls at the door—it's the price tags at the store. As stubborn inflation has eased, former President Donald Trump and President Joe Biden may spook Americans all over again by slapping tariffs on pretty much everything that dares cross U.S. …

The Scary Truth Behind Donald Trump's Promises To Workers
5 months, 2 weeks ago

The Scary Truth Behind Donald Trump's Promises To Workers

Huff Post  

This article is part of HuffPost’s biweekly politics newsletter. JD Vance, the Ohio senator Trump tapped to be his running mate, made this abundantly clear in a Wednesday acceptance speech that railed against “Wall Street barons” and “America’s ruling class in Washington,” in defense of “the working man.” This is not the sort of rhetoric you would have heard at …

Trump's idea to replace income taxes with tariffs is a "sure way" to hurt the poor and help the rich
6 months, 3 weeks ago

Trump's idea to replace income taxes with tariffs is a "sure way" to hurt the poor and help the rich

Salon  

Former President Donald Trump on Thursday proposed a new solution to getting rid of the U.S. income tax: an “all tariff policy," the preemptive Republican nominee told GOP lawmakers, according to CNBC. In the meeting, Trump's first visit back to Capitol Hill since Jan 6, 2021, Trump attended a Republican "pep talk" in which he reiterated his belief that import …

The inflationary consequences of Trump's planned immigration crackdown
7 months ago

The inflationary consequences of Trump's planned immigration crackdown

Salon  

The 2024 election cycle will likely be one of the closest in recent memory, coming down to the smallest of margins of victory. Worse, his current economic plans, raising tariffs across the board by 10% and creating a deportation force, would increase inflation, raise costs, and hurt working people. Under Trump's law, according to the non-partisan Tax Center, workers who …

Trump's biggest campaign promise would cause 'economic disaster': analysis
7 months, 2 weeks ago

Trump's biggest campaign promise would cause 'economic disaster': analysis

Raw Story  

Donald Trump's promised crackdown on immigration could inflict mass misery and economic calamity, according to a new analysis. The former president's radical plans for a potential second term in office include barring entry from select Muslim-majority nations, denying all asylum claims and rounding up millions of undocumented immigrants for deportation, and economic analyst Robert Shapiro warned in a new Washington …

US should jump-start talks with China on tariffs to manage tensions
8 months, 1 week ago

US should jump-start talks with China on tariffs to manage tensions

China Daily  

Fully loaded container ships are seen at the port of Los Angeles, California, the United States, Oct 29, 2021. An early, promising completion of the US Trade Representative review of the China tariffs could provide a relief to consumers and importers; it would also end uncertainty in the China-US relations, making a positive impact on the international economy. Higher tariffs …

Would Donald Trump Start a China-US Trade War 2.0?
10 months ago

Would Donald Trump Start a China-US Trade War 2.0?

The Diplomat  

Donald Trump is close to securing the 2024 Republican presidential nomination after a winning streak in early GOP primaries. Even if Trump could somehow weather the economic repercussions of another trade war, the broader political consequences for the Republican Party would likely be insurmountable. Thus, the cost of another trade war with China is evidently more pronounced for GOP politicians …

Column: Trumponomics? He would impose the equivalent of a huge tax hike
10 months, 2 weeks ago

Column: Trumponomics? He would impose the equivalent of a huge tax hike

LA Times  

Former President Trump calls himself a “Tariff Man.” But economists say his tariff proposals would take money out of consumers’ pockets. “And they’re going to be strategic; they’ll pick industries where the U.S. will lose huge market share, because the retaliatory tariffs will drive the price of American products up.” Politics Trump as the candidate of stability? “Import tariffs on …

Trump’s trade wars at a glance, from Beijing to Brussels
4 years, 2 months ago

Trump’s trade wars at a glance, from Beijing to Brussels

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Here's a look at four tumultuous years of …

Trump and Biden on trade: Same diagnosis, different prescription
4 years, 4 months ago

Trump and Biden on trade: Same diagnosis, different prescription

LA Times  

International trade was never much of an issue in presidential campaigns until Donald Trump. In 2016, he made trade a key plank in his economic nationalism platform, denouncing America’s biggest free trade pacts and promising a whole new way of doing business with the rest of the world. President Trump At the core of Trump’s trade policy has been his …

US trade deficit shrank while Trump ramped up trade war in 2019
4 years, 11 months ago

US trade deficit shrank while Trump ramped up trade war in 2019

CNN  

Washington CNN — The US trade deficit shrank for the first time in six years in 2019 as President Donald Trump continued to ramp up his trade war with China. The deficit in goods and services narrowed by 1.7% to $616.8 billion last year, the Census Bureau reported Wednesday. The goods trade deficit with China fell to $345.6 billion – …

US-China trade deal negotiations hit another snag
5 years, 1 month ago

US-China trade deal negotiations hit another snag

CNN  

CNN Business — President Donald Trump was supposed to sign a partial trade deal with Chinese President Xi Jinping next week, but negotiations over the final text have reached a rough patch, according to people familiar with the matter. In the last several days, the two sides have found themselves at odds over the finer details of an agreement that …

Donald Trump outlines first phase of deal to end trade war with China, suspends October tariff hike
5 years, 2 months ago

Donald Trump outlines first phase of deal to end trade war with China, suspends October tariff hike

Firstpost  

Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done. Washington: US president Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended …

Tariffs are hurting Americans. Here are other ways Trump can punish China
5 years, 3 months ago

Tariffs are hurting Americans. Here are other ways Trump can punish China

CNN  

Editor’s Note: Leo Hindery Jr. is co-chair of the Task Force on Jobs Creation and a member of the Council on Foreign Relations. How can Trump’s tariff war ever work out when each year the United States purchases about $400 billion more in manufactured goods from China than China purchases in goods and services from the United States? Only 8.5% …

AP FACT CHECK: Trump glosses over US pain from trade war
5 years, 3 months ago

AP FACT CHECK: Trump glosses over US pain from trade war

Associated Press  

WASHINGTON — President Donald Trump is sticking to his distorted picture of the consequences of his trade war with China, refusing to acknowledge the U.S. is feeling any pain. In a study in May, the Federal Reserve Bank of New York, with Princeton and Columbia universities, estimated that tariffs from Trump’s trade dispute with China were costing $831 per U.S. …

'China eating the tariffs’: US president Donald Trump mocks protracted trade war with Beijing ahead of talks in Washington
5 years, 4 months ago

'China eating the tariffs’: US president Donald Trump mocks protracted trade war with Beijing ahead of talks in Washington

Firstpost  

US President Donald Trump on Friday said the costs of his protracted trade war were falling squarely on China Washington: US President Donald Trump on Friday said the costs of his protracted trade war were falling squarely on China. “China is eating the tariffs,” Trump said on Twitter, repeating his claim that higher duty rates meant Washington collected billions of …

Donald Trump heaps more tariffs on China, still no deal in sight
5 years, 4 months ago

Donald Trump heaps more tariffs on China, still no deal in sight

Live Mint  

Washington, Columbus: The Trump administration slapped tariffs on roughly $110 billion in Chinese imports on Sunday, marking the latest escalation in a trade war that’s inflicting damage across the world economy. Face-to-face talks between Chinese and American trade negotiators scheduled for Washington in September are still happening “as of now,” Trump told reporters Friday before going to Camp David, the …

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