https://www.taxtmi.com/news?id=40729 Democrats accept tariffs as a legitimate policy tool but criticise the administration's unilateral, chaotic imposition of broad levies; they prefer narrowly targeted tariffs tied to a broader strategy that protects manufacturing and labour standards. The article notes intra-party tensions over tone and approach, recounts recent sweeping tariffs followed by a temporary suspension and baseline import tax, and highlights expected economic effects-revenue gains offset by higher consumer costs, pressure on household incomes, market volatility and sectoral harms to agriculture and autos. en-us Sat, 12 Apr 2025 18:16:03 +0530 Sat, 12 Apr 2025 18:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=40729 Democrats accept tariffs as a legitimate policy tool but criticise the administration's unilateral, chaotic imposition of broad levies; they prefer narrowly targeted tariffs tied to a broader strategy that protects manufacturing and labour standards. The article notes intra-party tensions over tone and approach, recounts recent sweeping tariffs followed by a temporary suspension and baseline import tax, and highlights expected economic effects-revenue gains offset by higher consumer costs, pressure on household incomes, market volatility and sectoral harms to agriculture and autos. News - Sat, 12 Apr 2025 18:16:03 +0530 https://www.taxtmi.com/news?id=40729