“Liberation Day”: That is what US President Donald Trump has called Wednesday, April 2, the day he announced huge swaths of taxes on imports worldwide.
President Donald Trump is placing steep new tariffs on virtually all U.S. trading partners, stoking fears of rising prices for consumers and deepening trade wars.
High tariffs and car repairs cost: The ripple effect that could hit your wallet
Because high tariffs raise the cost of motor parts, maintenance, and even insurance claims, the auto industry is particularly affected. High tariffs have the potential to cause everyday spending to…
Tariffs Are Awful, but the Income Tax May Be Worse - FEE
Every fiber of my economic being cries out against tariffs. If they are so good, why doesn’t each state in the US have one against the products of all of the
Canada and the EU swiftly retaliate against Trump's steel and aluminum tariffs
Canada and the European Union swiftly hit back at increased steel and aluminum tariffs imposed by U.S. President Donald Trump. Canada matched Trump's 25% increase on steel and aluminum and raised tariffs - that is, import taxes - on a slew of other U.S. goods.
Don't Substitute Tariffs for Income Taxes: You'll Get Both | David R. Henderson
In his inaugural address, President Trump repeated his call for an External Revenue Service. At other times, he has talked about replacing personal income taxes with high tariffs on imports. Besides the fact that U.S. tariffs on imports are collected from U.S. importers, not external exporters, this idea would not work and would likely result in a higher tax burden for Americans.
Current income t
Trump plans tariffs on Mexico and Canada for Tuesday, while doubling existing 10% tariffs on China
Canadian Prime Minister Justin Trudeau says if the United States imposes tariffs, his country has billion of dollars' worth of U.S. products that'll be subject to tariffs as well.