Import Surcharge News Today

Donald Trump wants to apply "universal baseline tariffs" of 10% that would apply to most foreign products coming into the US. Richard Nixon tried the same thing more than five decades ago.

As opposed to the global downtime that commercial activities faced in the preceding year; the year 2021 was a very busy year, as many businesses leveraged the opening up of international trade and lifting of travel restrictions in response to the global coronavirus pandemic (“COVID-19”). The global shipping industry also had a great year despite ...

The verification of containers is aimed at nabbing tax cheats and sub-standard as well as contraband goods shipped into the country.

Probably a little less than 20% of the economy, were finally bringing it back into the market economy. i mean, people are going to know what the prices are of products and what the quality is of those products. youre going to get a drop in medical prices, i think a lot over the next year, and this is really a huge deal. paul: all right. let me ask you about trade policy because as i talk to business people, they -- this is the thing that they point to as the reason for caution. they say this has...

Probably a little less than 20% of the economy, were finally bringing it back into the market economy. i mean, people are going to know what the prices are of products and what the quality is of those products. youre going to get a drop in medical prices, i think a lot over the next year, and this is really a huge deal. paul: all right. let me ask you about trade policy because as i talk to business people, they -- this is the thing that they point to as the reason for caution. they say this has...

>> based upon what we know today, we have a tragic accident that resulted in a gentlemans death. i dont anticipate any criminal charges. >> coach boeheim says he is heartbroken and he is extending his condolences to that mans family. big meeting today from the white house. negotiators in washington trying to hammer out a deal with china. a lot of pressure on both sides. a deadline coming that could trigger higher tariffs on chinese products. we know the economy is hurting. former adviser to ro...

Countries. tariffs do damage, sandra, they really do. and if you look at any of the areas -- i was in the nixon administration and i remember when we put the 10% import surcharge. we had the job development credit that excluded foreign-made capital. devalued the dollar and the stock market fell in half during that period. it was a catastrophe. i dont think that will happen with donald trump because donald trump is far more focused on -- he has it in his ego to want to be the most successful pres...