Moreover, agreements with Britain and China have reduced overall tariff levels from recent highs, which will cut the revenue ...

Economists say companies generally have to pass along the cost of tariffs. But populists on the left and right say the ...

Under former President Donald Trump, U.S. tariffs have soared to their highest level in nearly 90 years, averaging 18%. This ...

WASHINGTON—President Trump keeps suggesting that tariffs can replace income taxes for most Americans. One big problem: The math doesn’t work.

Tariffs and taxing the rich are both economically infeasible ways to fund the federal government, and the only sustainable ...

President Trump on Sunday again raised the idea that his tariffs might generate enough revenue to eventually allow income taxes to be eliminated, at least for some people. Spoiler alert ...

"There is a chance that the money from tariffs could be so great that it would replace (the income tax).” The idea may sound appealing, but economists who spoke to USA TODAY say Trump's ...

The president recently attacked Walmart, saying it should “eat” the costs rather than pass them on to customers.

As tariff price hikes come closer to reality, the Trump administration has begun touting new trade deals as a way out of ...

Here's what Republicans critical of Trump's tariffs have said. Pence, who served as vice president during Trump's first term, wrote on X, formerly Twitter, on Wednesday: "The Trump Tariff Tax is ...

President Trump says his tariffs may raise enough revenue to replace the income tax, so why is he afraid ... $55.” The idea is to let shoppers know that Washington, not Amazon, has raised ...