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US Politics

10 times Trump has threatened, then backtracked on, tariffs as 'TACO trade' jab gains traction

NBC News
Summary
Nutrition label

74% Informative

Tariffs were a defining promise of President Donald Trump 's second term in office.

But just over five months in, many of his tariff proclamations haven’t turned into reality.

Trump has threatened to impose a 50% tariff on goods shipped into the U.S. from the European Union .

Some financial analysts have taken to calling Trump 's on-again, off-again moves TACO trade.

On April 9, the day tariffs were set to go into effect, Trump said he would put a blanket 10% tariff on nearly all countries.

A trade court ruled Wednesday that Trump exceeded his authority to impose those tariffs.

The Trump administration is appealing that ruling, and for now, the tariffs remain in place.

About a month later , he signed an executive order easing some of those tariffs, addressing concerns that they would drive up the cost of cars assembled in the United States with parts imported from other countries. Trump later said he would reduce tariffs for cars made in the U.K. , such as those by Land Rover and Aston Martin , to 10% under a tentative trade agreement between the United States and the U.K. that officials on both sides continue to negotiate..

VR Score

76

Informative language

74

Neutral language

35

Article tone

semi-formal

Language

English

Language complexity

48

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

2

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