Inside Trade

October 8, 2024

House Democrat introduces bill to hike tariffs on all imports by 10 percent

By Dan Dupont  / September 26, 2024 at 2:50 PM
A Democratic congressman from Maine has introduced a bill to impose a 10 percent tariff on all imports to “incentivize” U.S. manufacturing and reduce the trade deficit. Former President Trump has campaigned on a pledge to impose 10 percent across-the-board tariffs should he win the White House. He also has suggested the blanket duties could go as high as 20 percent. His rival, Vice President Kamala Harris, has called the blanket-tariff plan a national sales tax. Rep. Jared Golden (D-ME),...

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