Tag: U.S. trade policy
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Trump’s Tariffs: The Unequal Burden on American Shoppers, Says German Study
Overview: Who Really Pays the Tariffs? A recent analysis by the Kiel Institute for the World Economy in Germany paints a stark picture of U.S. tariffs under the Trump era. According to the study, about 96% of the tariff burden fell on American buyers, with only a sliver affecting foreign producers and suppliers. The finding…
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U.S. House Votes to Renew AGOA for Three More Years
Background: What AGOA Does The African Growth and Opportunity Act (AGOA) is a cornerstone of U.S. trade policy with sub-Saharan Africa. By providing eligible African countries with preferential access to the U.S. market, AGOA aims to promote economic development, diversify exports, and create jobs. The program covers thousands of products and continually evolves to address…
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What to Know About Trump’s $2,000 Tariff Rebate Checks Proposal
What the proposal would entail Former President Donald Trump floated the idea of issuing $2,000 rebate checks to Americans for tariffs collected by the government. Marketed as a way to offset higher prices caused by tariffs, the concept would channel a portion of the tariffs paid by consumers back to households. While specifics have varied…