The imposition of an incremental 10% tariff on Chinese goods and new 25% tariffs on Canadian and Mexican goods as envisaged in two Truth Social posts by President Trump on 25 November 2024 was not included among the executive orders signed by Trump on 20 January 2025 the day of his inauguration. But this cannot be taken as a shift in Trump’s policy preferences.
Trump’s inaugural address set out an intention to ‘tariff and tax foreign countries to enrich our citizens’ and his ‘America First Priorities’ include an ‘America First Trade Policy’ and asserting US tax sovereignty.
Starting with the assertion of US tax sovereignty Trump signed an executive...
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The imposition of an incremental 10% tariff on Chinese goods and new 25% tariffs on Canadian and Mexican goods as envisaged in two Truth Social posts by President Trump on 25 November 2024 was not included among the executive orders signed by Trump on 20 January 2025 the day of his inauguration. But this cannot be taken as a shift in Trump’s policy preferences.
Trump’s inaugural address set out an intention to ‘tariff and tax foreign countries to enrich our citizens’ and his ‘America First Priorities’ include an ‘America First Trade Policy’ and asserting US tax sovereignty.
Starting with the assertion of US tax sovereignty Trump signed an executive...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: