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Chickens. Pickup trucks. Trade war? | CNN Business

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
It's called a chicken tax, but it's levied on pickups. And it shows just why President Donald Trump's tariffs could change the US economy longer than you might think.
The article from CNN, dated April 20, 2025, discusses the ongoing debate surrounding the "chicken tax," a 25% tariff on imported light trucks that has been in place since 1964, originally imposed by the U.S. in retaliation to European tariffs on American chicken. The piece highlights how this tax has significantly influenced the automotive industry, leading to the rise of domestic production of light trucks and SUVs in the U.S. Recent discussions in Congress and among industry leaders focus on whether to repeal or modify the tax, as it is seen by some as outdated and detrimental to consumers who face higher prices and fewer choices, while others argue it protects American jobs and manufacturing. The article also mentions that the Biden administration is considering the broader implications of the tax in the context of ongoing trade negotiations with the European Union, which could lead to changes in U.S. trade policy.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/04/20/business/chicken-tax-auto-tariffs/index.html ]