Trump proposes steep tariffs on imports including 60% on China goods

Former President Donald Trump has proposed significant new tariffs, including a 60% tax on goods from China and a 20% tax on all other imports. He claims these tariffs will boost U.S. jobs and reduce the federal deficit. Trump's latest proposals also include a 200% tax on John Deere's exports if the company moves production to Mexico, and a 100% tariff on Mexican goods. These measures differ from previous tariffs he imposed during his presidency, which targeted specific industries. Economists express concern that these tariffs could harm the U.S. economy and increase inflation. The Biden administration has maintained some of Trump's tariffs but has not adopted his latest proposals.