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Benzinga
Benzinga
Business
Vishaal Sanjay

Trump's Tariffs Are A '$500 Billion' Tax On US Businesses That Wipe Out His 2017 Corporate Tax Break

United States Donald Trump Peter Boockvar European Union Brazil
Trump’s Admission

President Donald Trump’s sweeping new tariffs, which include 30% duties on EU goods, 35% on Canadian imports, and 50% on products from Brazil, could hit American businesses hard, warns Peter Boockvar, the CIO at Bleakley Financial Group.

What Happened: The proposed levies, set to begin Aug. 1, would apply to an estimated $3.3 trillion in U.S. imports annually, Boockvar said while speaking to Kitco News on Monday.

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