Trump favors huge new tariffs. How do they work?

Photo caption: Cargo containers in a shipping dock in Beijing. Photo credit: IMAGO / Lane Oatey via Reuters Connect. Article by Paul Wiseman, AP. PBS News – September 27, 2024.

WASHINGTON — Donald Trump has identified what he sees as an all-purpose fix for what ails America: Slap huge new tariffs on foreign goods entering the United States. The former president and current Republican nominee asserts that tariffs — basically import taxes […]

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