Former President Donald Trump made trade policy and tariffs a key part of his foreign policy in his first term as president, and now as he seeks a second term, he is proposing a sweeping tariff policy.
Trump reaffirmed his idea of a universal tariff, taxing all goods from foreign producers by a certain amount upon import, while speaking on Fox Business's Kudlow last week.“I think we should have a ring around the collar, as they say. I think when companies come in and they dump their products in the United States, they should pay, automatically, let’s say, a 10% tax," Trump said."That money would be used to pay off debt. It's a massive amount of money even at 10%.
Trump previously outlined a"universal" tariff as part of his proposed agenda to protect American workers in a policy video released by his campaign in February.
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