News

Trump has rolled back many of his steepest tariffs over recent months, including a sky-high levy on China, the top source of ...
A slump in the dollar has come to the rescue of some major multinational U.S. companies this earnings season, easing the ...
General Motors' second-quarter earnings took a $1.1-billion hit from tariffs, but the automaker still beat analyst ...
One of the Trump administration’s biggest tariff boosters, Commerce Secretary Howard Lutnick, recently said tariffs not only will energize the U.S. industrial sector but also help the government’s ...
Treasury Secretary Scott Bessent on Tuesday said the U.S. has taken in about $100 billion in tariff income so far this year, and this could grow to $300 billion by the end of 2025 as collections ...
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.
The FT also added a key piece of information that may surprise many Trump critics, noting that American consumers are not ...
As of May 28, the U.S. had collected $68.23 billion in tariff revenue for 2025—an increase of 78 percent over the same period last year.
President Donald Trump says "there's a real chance" tariff revenue can replace the income tax. Economists say a full replacement isn't likely.
Tariff revenue is likely to rise in May, but could fall as countries negotiate trade deals with the U.S. The surge in tariff revenue is unlikely to plug the country's longstanding budget deficit, ...
The tariff revenue that the U.S. Treasury collects isn’t earmarked for a specific goal. “Tariff revenue is very fungible, so once it gets moved to the general account, it can really be spent ...
President-elect Donald Trump has said his tariffs will raise revenues, boost U.S. jobs, and help stop the drug trade. But some of these goals are at odds with the others.