It was Aug. 15, 1971, and then-President Richard Nixon delivered an address to the nation to lay out a new economic approach for a country beset by economic worries and challenges to the US dollar. A key prong of his plan was an “import surcharge” — in effect a new tariff — of 10% across … Read more
Former U.S. President and Republican presidential candidate Donald Trump holds a rally in advance of the New Hampshire presidential primary election in Rochester, New Hampshire, U.S., January 21, 2024. Mike Segar | Reuters Markets need to begin thinking about the structural impact of Donald Trump’s proposed 10% tariff increase, which “shakes up every asset class,” … Read more
Taiwanese flags during the National Day celebration in Keelung, Taiwan, on Monday, Oct. 9, 2022. I-Hwa Cheng | Bloomberg | Getty Images China suspended tax concessions on 12 chemical compound imports from Taiwan in retaliation for what Beijing deems to be a violation of a trade agreement, just weeks ahead of key elections in the … Read more