Trump Says Value-Added Taxes Will Be Considered Tariffs: What To Know About His Reciprocal Tariff Plan—And Its Inflation Impact
President Donald Trump said Saturday value-added taxes, taxes levied to goods during each stage of production which are widely used in Europe, will be considered tariffs as part of the reciprocal tariff plan he argues would level the playing field in global trade—though economists project they would increase inflation this year.
Trump signs sweeping reciprocal tariff plan, says more coming
Trump's all-caps post on Truth Social announcing the presser offered no details about the plan for new tariffs.
VAT Vs. Sales Tax: What We Know As Trump Signs Reciprocal Tariffs
VAT is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. Each participant in the supply chain pays VAT on their purchase price and charges VAT on their sales price, making this system widely prevalent in over 160 countries, particularly in the European Union.
Trump reciprocal tariffs could come by Thursday, White House says
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Trump signed a plan for reciprocal tariffs on U.S. trading partners, ushering in economic uncertainty
I’ve decided for purposes of fairness that I will charge a reciprocal tariff,” Trump said in the Oval Office at the proclamation signing. “It’s fair to all. No other country can complain.”
Modi visits White House to talk trade after Trump reveals new tariff plan
Indian Prime Minister Narendra Modi is now meeting with President Trump at the White House. The two just shared remarks while seated side-by-side in the Oval Office, along with other officials. Trump says it is an honour to see Modi and said the two will be talking about trade.
Maddow Blog | Trump warns consumers: Prices ‘could go up’ because of White House plans
Donald Trump is moving forward with an agenda that, by the Republican president's own assessment, is going to make the cost of living worse.
Wall Street ends higher after Trump unveils tariff plan
The S&P 500 ended higher on Thursday, lifted by gains in Nvidia, Apple and Tesla, after U.S. President Donald Trump unveiled a roadmap for charging reciprocal tariffs on U.S. trading partners. A White
Trump orders up a plan for more tariffs, even as inflation heats up
President Donald Trump doubled down on his extraordinary push for more balanced trade, ordering on Thursday that agencies should investigate plans for new reciprocal tariffs that could boost America’s revenue — but could also ignite a global trade war and add to America’s rebounding inflation problem.
'This is going to impact consumers': Trump threatens new tariffs
The president has ordered agencies to look into imposing tariffs on trade partners and adversaries alike — even as inflation heats up. Bill Cohan and David Gura join.
Donald Trump unveils ‘reciprocal’ tariff plan to hit trade partners
Your guide to what the 2024 US election means for Washington and the world Donald Trump has unveiled a sweeping plan to impose “reciprocal” tariffs on America’s trading partners, heralding greater disruption for the global economy.
Trump doubles down on reciprocal tariffs, vowing a ‘level playing field’
President Trump defended his presidential memorandum proposing reciprocal tariffs in a Truth Social post Saturday, saying the ...
White House Targets Canada’s Digital Tax in Reciprocal Tariff Plan
The White House said Canada, along with France, both levy digital taxes, and they cost U.S. firms $2 billion a year.
President Trump’s reciprocal tariffs will overturn decades of trade policy
WASHINGTON — President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The ...
Trump signs memo to determine reciprocal tariffs on US trading partners
Trump signed a memo calling on his administration to determine "the equivalent of a reciprocal tariff with respect to each ...
Trump Administration Hints At 10% Tariff On European Auto Imports
The Trump administration also highlighted a 2.5% tariff on ethanol imports that compares to an 18% tariff applied by Brazil.
White House says reciprocal tariffs could come Thursday
President Donald Trump could announce his reciprocal tariff plan Thursday before he meets with Indian Prime Minister Narendra ...
Reciprocal tariff EXPLAINED: Does it threaten India even more? How did New Delhi respond?
India faces significant risk from potential US reciprocal tariffs due to a tariff differential that exceeds 10 percentage ...