The real value of a $15 minimum wage depends on where you live
Although most Americans back a higher minimum wage, wide disparities in local living costs make finding an appropriate rate difficult.
Numbers, Facts and Trends Shaping Your World
Although most Americans back a higher minimum wage, wide disparities in local living costs make finding an appropriate rate difficult.
The Trump administration’s plans to impose $50 billion in tariffs on Chinese imports, as well as tariffs recently placed on imported steel and aluminum and on imports of solar panels and washing machines, mark a distinct break from decades of U.S. trade policy, which long has generally favored lower tariffs and fewer restrictions on the movement of goods and services across international borders.
The highest U.S. tariffs aren’t on imports from its biggest trading partners, but on products from several developing South Asian nations whose exports are heavily weighted toward clothing, footwear and other products that the U.S. generally taxes highly.
Average tariff rates, while useful for comparison, can obscure the wide range of rates imposed on different classes of imports and on specific products.
Though crude oil continues to be the nation’s single biggest import, energy exports have risen sharply. Exports of some metals and agricultural products also have grown rapidly.
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