The Breakdown: Can Americans afford the ‘short-term pain’ of Trump tariffs?
- President Trump signed an executive order imposing tariffs on goods from countries exporting to the United States.
- The White House indicated these tariffs address currency manipulation and unfair competition in trade.
- Key trading partners will face higher rates under the order, affecting multiple economies.
- Tariffs will reach 54% on Chinese imports, 26% on Indian goods, 24% on Japanese products, and 20% on EU goods.
- Economists are raising the probability of a recession, as the cost of tariffs is expected to pass to consumers.
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Sen. Marshall to Newsmax: Benefits of Trump Tariffs Coming in Future
Sen. Roger Marshall, R-Kan., told Newsmax that the tariff and global trade policies of President Donald Trump might produce short-term pain but will produce long-term benefits for Americans.
·Washington, United States
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Total News Sources6
Leaning Left1Leaning Right2Center2Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
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