Economy News Trump S Policy To Drop Income Tax For Tariffs Regressive, Would Harm Economy Report

Trump’s economy hasn’t blown up under tariffs like many experts predicted — even US inflation is steady. Is he really proving the naysayers wrong?

While the tariffs haven’t quite pulled in “ trillions of dollars ” in government revenue as the President claims, inflation hasn’t skyrocketed either. Consumer prices in July were 2.7% higher than the ... Read More

Trump’s tariffs bring in record revenues, could reduce deficit by $4T — but will American households pay the price?

If saved by the Supreme Court, the tariffs are also expected to shrink the economy and cause inflation to spike. Read More

Trump’s new tariffs go into effect as US economy shows signs of strain

President Donald Trump began imposing higher import taxes on dozens of countries Thursday just as the economic fallout of his ... Read More

VIDEO: Trump's tariffs, changing markets and what an uncertain economy means for you

When President Trump came into office, he promised to fuel an economic boom with a magic bullet: tariffs. They're taxes added to a wide range of imports. And money is coming in, more than $30 billion ... Read More

Trump’s economy is marked by uncertainty. What could more tariffs mean for you?

When President Trump came into office, he promised to fuel an economic boom with a magic bullet: tariffs. They're taxes added to a wide range of imports. And money is coming in, more than $30 billion ... Read More

A Tax-Reform Alternative to Trump’s Tariffs

A new business levy would lift the economy and solve many of the president’s concerns about trade. Read More

Majority of Americans Believe Trump's Policies are Harming Economy

A recent poll has shown that a majority of Americans believe that the economic policies of President Donald Trump have had a detrimental effect on the economy. The survey from Pew Research reveals ... Read More

A Supreme Court showdown looms for Trump’s tariffs. Will it limit presidential power?

The case presents an important test of the Supreme Court’s willingness to curb Trump’s so-called emergency powers. Read More

Supreme Court Is Told Trump Tariffs Are Illegal $3 Trillion Tax

Small businesses challenging many of President Donald Trump’s global tariffs urged the US Supreme Court to affirm lower court rulings that the import levies amount to a massive illegal tax on American ... Read More

Early Quarterly Earnings Reveal Businesses Adapting to Trump's Tariffs

Ahead of the third-quarter earnings season, global companies had warned of more than $35 billion in tariff-related costs as U.S. duties reach their highest since the 1930s. They're also contending ... Read More

UCLA forecasts ‘stagflation-lite’ economy with higher inflation and unemployment

This is read by an automated voice. Please report any issues or inconsistencies here. The U.S. economy will be hampered in the coming months by the Trump administration’s tariffs, which along with ... Read More

There Are Two Economies: A.I. and Everything Else

Ms. Sarin, a contributing Opinion writer, is a professor at Yale Law School and the president of the Budget Lab at Yale. She served in the Treasury Department during the Biden administration. Since ... Read More