Trump, tariffs
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Tariffs are taxes on goods imported from other countries. Companies buying foreign products pay the tariffs imposed on them — and, as a result, face higher costs that are typically passed on to custom...
From Boston.com
Trump on Wednesday announced a minimum tariff of 10% on imports, with the tax rate running much higher on products from certain countries like China and those from the European Union.
From Chicago Tribune
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Economists at Citi Research said in a note on Thursday that the aggressive tariffs "may now become a justification for larger tax cuts."
WASHINGTON (AP) — Senate Republicans plugged away overnight and into early Saturday morning to approve their multitrillion-dollar tax breaks and spending cuts framework, hurtling past Democratic opposition toward what President Donald Trump calls the “big, beautiful bill” that’s central to his agenda.
The 51-48 vote unlocks a maneuver that will allow Republicans to bypass the Senate's filibuster and pass Trump's tax, border security and military priorities this year without Democratic votes.
The two GOP rebels were Senators Susan Collins of Maine and Rand Paul of Kentucky. Newsweek contacted them for comment on Saturday outside of regular office hours via online inqui
Feathered friends got caught up in President Donald Trump’s trade war, Beatlemania might be making a comeback, and some big changes are coming to the world of sports. Test your knowledge of the week in news, and take last week’s quiz here.
President Donald Trump blasted China for retaliating against his sweeping tariff plan and vowed his economic policies “will never change,” as the prospect of a trade war wreaked more havoc on the global economy.
The Senate is diving into a contentious late-night — or all-night — debate on a budget plan critical to Republican efforts to pass trillions of dollars in tax cuts and boost border security and defens
U.S. Senate Republicans are working to pass a budget measure that they need to extend President Donald Trump's 2017 tax cuts -- and potentially cut other taxes -- while bypassing the objections of the chamber's Democrats.
The Texas Senator said he is "not a fan of jacking up taxes on American consumers" and hopes the tariffs are "short-lived."