Tariffs—Everything you need to know but were afraid to ask
Fact Sheet • By Adam S. Hersh and Josh Bivens • February 10, 2025 . “During his presidential campaign, President Trump pledged to impose universal tariffs of 10–60% on all U.S. imports—a whopping $4.2 trillion in goods and services purchased from abroad in 2024. This was always a real possibility. The International Economic Emergency Powers Act …