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U.S. equity funds again came under selling pressure through the week to July 16, dampened by worries over President Donald ...
Former Missouri congressman Billy Long will be ceremonially sworn in as commissioner of the Internal Revenue Service on ...
The post Scott Bessent Takes Premature Victory Lap on Tariff Revenues appeared first on Reason.com.
Tariffs—taxes placed on imported goods—are one of the oldest tools in the United States' economic policy arsenal, dating back ...
President Trump boasted this week that his tariffs are raising "a fortune" for the U.S. government. Tariffs could also raise prices for the back-to-school and Christmas shopping seasons.
Despite early criticism that his approach to trade was erratic, senior officials now say the strategy is yielding stronger negotiating positions.
The FT also added a key piece of information that may surprise many Trump critics, noting that American consumers are not ...
The Trump administration's tariffs promise significant federal revenue, but rising inflation raises concerns. As the Federal ...
U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were ...
The June inflation bump probably takes a July Federal Reserve interest-rate cut off the table.
Tariff income won’t come close to balancing the federal fisc.
Tariff revenues have brought in more that $113 billion so far this year, according to the Treasury Department data. The U.S. received more than $27 billion in customs duties in June alone.