Trump’s Tariff Policies Stir Global and Domestic Reactions

Former President Donald Trump's tariff policies continue to generate significant reactions both domestically and internationally. Trump has been vocal about his belief that tariffs can generate substantial revenue for the U.S., a claim that has been met with skepticism and fact-checking by various news outlets. The Guardian reported that while Trump insists tariffs could bring in billions, economic analyses suggest the actual revenue might be considerably less due to trade wars and retaliatory measures.

Internationally, Trump's tariff proposals have led to retaliatory actions from major trading partners. The Times of India highlighted how China and the European Union have imposed their own tariffs in response, which Trump has described as countries 'kicking the U.S. in the teeth.' Despite this, Trump maintains that many countries are still eager to negotiate with him, claiming they are 'kissing my ass.'

Domestically, Trump's tariff stance has caused friction within his own party. Fox News reported that Trump pushed back against 'rebel Republicans' who oppose his tariff policies, asserting that they 'don't negotiate like I negotiate.' This internal conflict underscores the divisive nature of Trump's economic strategies and their impact on U.S. politics.

• China
• Donald Trump
• European Union
• Republican Party

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What do the tariffs do?

Many economists expect tariffs to push up prices across a range of imported goods, as firms pass on some or all of their increased costs. The products affected could include everything from clothing to coffee and alcohol to electronics.

How much does China make off the US?

How much trade do they do? The trade in goods between the two economic powers added up to around $585bn (£429bn) last year. Though the US imported far more from China ($440bn) than China imported from America ($145bn).

Does Ukraine have tariffs?

Ukraine imposes several duties and taxes on imported goods: customs/import tariffs, value-added tax (VAT), and excise duties.