President Trump is expected to release details on new tariffs today, targeting steel and aluminum imports. There are a few details right now, but it reaffirms his stand on taking back control over trade.
Trump told reporters aboard Air Force One that the U.S. will impose 25 percent tariffs on all steel and aluminum imports. President Trump also said he will announce reciprocal tariffs this week on any countries adding duties to the United States.
This all comes just one week after base tariffs on Canada and Mexico were put on pause for a month, as talks continue on securing both sides of the border.
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So, what’s the path forward for “The One, Big, Beautiful Bill” tax legislation? That’s the topic of today’s Firm to Farm blog post by RFD-TV legal and tax expert Roger McEowen with Kansas’ Washburn School of Law.
Today’s Firm to Farm blog post by RFD-TV legal and tax expert Roger McEowen provides a brief summary of the “One, Big, Beautiful Bill.” If passed in its current form, the legislation would represent the largest tax cuts in history.
China will reduce its tariffs from 125% to 10%. In return, the U.S. will lower tariffs on most Chinese goods from 145% to 30%.
Happy National Small Business Week!
