From Dow Jones & Company:

Donald Trump is seeking the Republican nomination for president for the third time. He plans to implement a 10% tariff on all imported goods if elected. Plan would raise over $300 billion per year and would pay for the extension of previous tax cuts. Administration insists that foreign exporters, not U.S. consumers, would pay the tariff. Critics warn of higher consumer prices due to the tariffs. Trump administration believes the tariffs will level the playing field for American businesses and workers. Major tax policy changes also planned regardless of election outcome.



Read more: ‘We’re already in a trade war’: Trump adviser says new tariffs are fair play