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Study reveals firms donating to Republicans bypassed tariffs during Trump's presidency

share-iconMonday, January 06 comment-icon2 weeks ago 6 views
News sources:
theguardianTHEGUARDIAN
Study reveals firms donating to Republicans bypassed tariffs during Trump's presidency

Credited from: THEGUARDIAN

  • US firms are preparing for potential tariffs under Donald Trump's upcoming term, following patterns from his previous presidency.
  • A study revealed that dollars donated to the Republican party increased the likelihood of firms receiving tariff exemptions.
  • Conversely, companies donating to Democratic campaigns faced lower approval rates for exemptions, indicating a politically distorted approval process.
  • The research assessed applications related to $550bn worth of tariffs imposed in 2018, showing marked differences based on political affiliations.
  • Firms are likely to continue the trend of political donations to mitigate financial risks associated with tariff measures in the upcoming Trump administration.

For more details, visit the original article here.

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Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

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