US EditionTrump moves to impose big tax hikes
- President Donald Trump announced a plan to tax American businesses and consumers for importing goods, stating the 'American Dream' would be restored with these changes.
- Senator Rand Paul criticized Trump's renewed push for tariffs, highlighting past economic failures of similar policies.
- Trump's tariffs aim to deter foreign taxes, but critics argue this approach is economically flawed and can harm American jobs.
- The American stock market fell by 1,100 points after Trump's announcement, indicating mixed reactions to the new tariffs.
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San Gabriel Valley Tribune+2 Reposted by 2 other sources
Trump moves to impose big tax hikes
On Wednesday, President Donald Trump announced the “American Dream” would be restored with his bold plan to tax American businesses and consumers for importing goods from abroad. “Now it’s our turn to prosper, and in so doing, use trillions and trillions of dollars to reduce our taxes and pay down our national debt,” he said. “And it will all happen very quickly. With today’s action, we are finally going to be able to make America great again, g…
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Total News Sources6
Leaning Left0Leaning Right3Center1Last UpdatedBias Distribution75% Right
Bias Distribution
- 75% of the sources lean Right
75% Right
C 25%
R 75%
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