Why Trump’s plan to escalate tariffs has so many haters

Quick Summary:

Trump's vow to impose sweeping tariffs could backfire and reverberate around the world.

While companies might try to fight higher tariffs in court, because of past deference given to presidential powers, such challenges “would face a steep uphill climb”, according to an article posted by the Centre for Strategic and International Studies.

During Trump’s first presidency, his administration imposed new tariffs on Chinese imports that were worth about US$380 billion (S$506.7 billion) in 2018 and 2019.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaUnited States

Topics: Tariffs Cent Goods First Tariff Trump’s Trade Imports Trump Economic China

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 08:34:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1292 words

Reading Time: 8 minutes read

Sentences: 55 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23455193

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 16 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #25

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