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Trump team floats tariffs
CNN: The Trump transition team is floating the possibility of an early executive action to impose tariffs on foreign imports, according to multiple sources.
Such a move would deliver on President-elect Donald Trump's "America First" campaign theme. But it's causing alarm among business interests and the pro-trade Republican establishment.
The Trump transition team didn't immediately respond to a request for comment on the prospect of new tariffs. But a transition official said the team has discussed implementing a border adjustment tax measure under consideration by House Ways and Means Committee Chairman Kevin Brady, which would tax imports to spur US manufacturing.
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