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Many companies donating to Donald Trump's inauguration stand to see their industries substantially affected by the new tariffs the president-elect has proposed.
Among them is New Britain-based toolmaker Stanley Black & Decker, which said it is donating $1 million to help fund Trump’s second inauguration. That marks a major increase from the $25,000 it gave to Trump’s first inauguration in 2017.
Trump has announced plans to impose a universal tariff of 10% to 20% on all imported goods, along with a 60% tariff on imports from China, and a 25% tariff on goods from Mexico and Canada.
Trump argues that these tariffs will protect American industries, create jobs, reduce trade deficits and generate tax revenue.
However, critics say that Trump's proposed tariffs would act as a "sales tax" on American families, potentially raising prices for consumers and disrupting supply chains.
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The Hartford Business Journal 2025 Charity Event Guide is the annual resource publication highlighting the top charity events in 2025.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering vital marketplace content and context to senior decision-makers throughout Connecticut ...
All Year Long!
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Many companies donating to Donald Trump's inauguration stand to see their industries substantially affected by the new tariffs the president-elect has proposed.
Among them is New Britain-based toolmaker Stanley Black & Decker, which said it is donating $1 million to help fund Trump’s second inauguration. That marks a major increase from the $25,000 it gave to Trump’s first inauguration in 2017.
Trump has announced plans to impose a universal tariff of 10% to 20% on all imported goods, along with a 60% tariff on imports from China, and a 25% tariff on goods from Mexico and Canada.
Trump argues that these tariffs will protect American industries, create jobs, reduce trade deficits and generate tax revenue.
However, critics say that Trump's proposed tariffs would act as a "sales tax" on American families, potentially raising prices for consumers and disrupting supply chains.