POLITICS

Millions of kids could lose the Child Tax Credit under GOP budget bill

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A Republican-backed budget package includes a new restriction for the federal Child Tax Credit that could strip the benefit from millions of children who are U.S. citizens or legal residents, according to policy experts.  The proposed tax and spending legislation — which proponents have dubbed the “one big, beautiful bill” — includes a requirement that both

U.S. doubles tariffs on steel and aluminum to 50%

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The United States doubled its steel and aluminum tariffs to 50% Wednesday, casting a pall on a gathering of OECD ministers as President Trump’s intensifying trade war weighs on the world economy. The boosted levies went into effect at midnight EDT. Mr. Trump’s sweeping tariffs on allies and adversaries alike — including ones on imported

Vance, Rubio Tout Trump’s Populist Economic Agenda at Think-Tank Gala

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While the secretary of state focused on national security, the vice president emphasized everyday Americans. WASHINGTON—Vice President JD Vance and Secretary of State Marco Rubio made distinctive cases for President Donald Trump’s populist playbook on trade, reshoring industry, and more. Rubio, who now also holds other posts in the administration, said that the loss of

Trump’s 50 Percent Tariffs on Steel, Aluminum Take Effect, Aimed at Boosting US Production

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By doubling the levies, foreign companies ‘can no longer get over the fence,’ Trump said. WASHINGTON—President Donald Trump’s 50 percent tariffs on steel and aluminum went into effect at midnight on June 4, following through on last week’s announcement at a U.S. Steel facility. The measure, enacted through an executive order signed on Monday, doubles