Economy
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Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars
President Donald Trump announced far-reaching new tariffs on nearly all US trading partners—a 34% tax on imports from China and 20% on the European Union, among others—that threaten to dismantle much of the architecture of the global economy and trigger broader trade wars.
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Trump’s latest auto tariffs explained: What car buyers should know this year
President Donald Trump’s 25% tax on imported cars, light trucks and auto parts is likely to drive up prices at a time when many Americans already struggle to afford a new set of wheels. The tariffs will also force car companies to rethink what cars they make and where they make them.
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US auto industry could be collateral damage in Trump’s trade wars
President Donald Trump’s trade wars threaten to claim a casualty on the home front: the American auto industry.
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Trump steel, aluminum tariffs likely to drive up car costs, industry leaders say
President Donald Trump’s tariffs on steel imports this week could wreak havoc on American auto manufacturing, industry leaders say.
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4 ways Trump’s tariff plan threatens Michigan’s economy
Donald Trump’s plan to enact new tariffs on Canadian and Mexican goods has been put on pause. But Michigan leaders say if they’re allowed to take effect, the economic fallout could be devastating—especially for working families.
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Sick of hidden fees on concert tickets and hotel stays? A new federal rule bans them.
Now, live event businesses and hotels must clearly list their prices in both their advertising and pricing information.
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Harris wants to give workers more rights and expand opportunities for non-college educated workers. Trump’s plans could cost jobs.
Harris has vowed to strengthen workers’ rights, expand financial support for the working class, boost opportunities for non-college graduates, and raise the minimum wage. Trump, meanwhile, has promised to implement tariffs on imports and repeal federal investments in clean energy, both of which would likely lead to job losses.
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Kamala Harris proposed a plan to help small business owners. Trump’s plan could send their costs through the roof.
Vice President Kamala Harris intends to support small business owners and entrepreneurs by reducing their expenses and increasing their access to capital. Trump’s tariff proposal, however, could cause small businesses’ costs to rise.
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Trump’s tariff plan would raise prices and ‘reduce the living standard of Americans,’ economists say
Trump’s plan would effectively be a sales tax that disproportionately harms working-class families and could cause a trade war that hurts US companies, economists say.
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Trump’s tariff and tax plan would raise taxes on 95% of Americans, report finds
In response to the report, the Harris-Walz campaign released an analysis of its own, outlining how Trump’s agenda would raise costs for over 4.1 million Michigan households by an average of $3,954 per year.
