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Everything we know about Trump’s policies on tariffs, trade, and taxes  | Fortune

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Donald Trump is president, again. There is a lot that comes with that, but we’ll focus on his proposed economic policies, and what it all might mean for business. Let’s start with a hotly debated topic: tariffs. Tariffs are taxes imposed by one country on goods imported from another country; they’re baked into prices of products, so they aren’t always talked about among typical Americans (among economists, well, that’s a different story). What you need to know is the importing company pays the tariff, not the exporting one, as Fortune’s Geoff Colvin previously explained. Companies often pass on as much of that cost as they can to consumers. Trump has proposed a 60% tariff on all Chinese imports and a universal 10% tariff on imports from all countries, a practice unseen since World War II. Six years ago, Trump called himself  “a Tariff Man.” This year, on the campaign trail, he stressed tariffs can be used as a penalty or threat of sorts to keep other countries in line and elevate Ameri

Donald Trump is president, again. There is a lot that comes with that, but we’ll focus on his proposed economic policies, and what it all might mean for business. Recommended Video Let’s start with a hotly debated topic: tariffs. Tariffs are taxes imposed by one country on goods imported from another country; they’re baked into prices of products, so they aren’t always talked about among typical Americans (among economists, well, that’s a different story). What you need to know is the importing company pays the tariff, not the exporting one, as Fortune’s Geoff Colvin previously explained . Com

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