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Home IRS & Taxes

Are the Trumps Tariffs Legal?

by TheAdviserMagazine
5 months ago
in IRS & Taxes
Reading Time: 1 min read
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Are the Trumps Tariffs Legal?
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It’s been a whirlwind 24 hours in tariffTariffs are taxes imposed by one country on goods imported from another country. Tariffs are trade barriers that raise prices, reduce available quantities of goods and services for US businesses and consumers, and create an economic burden on foreign exporters.
news: first, a trade court blocked Trump’s sweeping new tariffs, calling them executive overreach. Then, a federal appeals court reinstated them—at least for now. We break down what happened, what’s next, and why it matters.

Links

Trump Tariffs: Tracking the Economic Impact of the Trump Trade War See more
Trump Floats Replacing Income TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.
with Tariffs See more
How Do Import Tariffs Affect Exports? See more
Why the Economic Effects of Taxes (Including Tariffs) Matter See more

Who Pays Tariffs? Americans Will Bear the Costs of the Next Trade War See more

Testimony: Alternatives to Tariffs to Boost US Competitiveness See more

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