President Trump on Monday, acting on recommendations by the U.S. International Trade Commission, approved steep new tariffs on solar panels and washing machines.
The Trump administration says that by placing a tariff of 30 percent on most imported solar modules and a tariff of up to 50 percent on large residential washing machines, this will help American companies. Both tariffs will be phased out by 2022.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Why India's medical schools are running low on bodiesUnder The Radar A shortage of cadavers to train on is forcing institutions to go digital
-
Magazine solutions - November 22, 2024Puzzles and Quizzes Issue - November 22, 2024
-
Magazine printables - November 22, 2024Puzzles and Quizzes Issue - November 22, 2024
-
Boeing machinists approve contract, end strikeSpeed Read The company's largest union approved the new contract offer, ending a seven-week strike
-
US economy still strong in final preelection reportSpeed Read It grew at a solid 2.8% annual rate from July through September
-
Boeing machinists reject deal, continue strikeSpeed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
-
Ports reopen after dockworkers halt strikeSpeed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
-
Would Trump's tariff proposals lift the US economy or break it?Talking Points Economists say fees would raise prices for American families
-
Empty-nest boomers aren't selling their big homesSpeed Read Most Americans 60 and older do not intend to move, according to a recent survey
-
Brazil accuses Musk of 'disinformation campaign'Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
-
Disney board fends off Peltz infiltration bidSpeed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
