President Donald Trump has repeatedly said foreigners would pay for his import tariffs. A new report says Americans picked up most of the tab.

Derived from the Latin term meaning “according to value,” an ad valorem tariff is a tax imposed on goods based on their value rather than their quantity or weight. This type of tariff is commonly used ...

Donald Trump has introduced tariffs on goods coming into the US from most countries around the world. The US president argues that the taxes will boost domestic manufacturing and create jobs. However, ...

Tariffs of up to 50% on countries with large U.S. trade deficits are linked to price increases for goods like vehicles, furniture, toys and food. Although the Consumer Price Index rose 2.7% over the ...

President Donald Trump, embattled by America’s growing affordability problems, has once again floated a unique solution: Sending Americans rebate checks for the tariffs that his administration has ...

The United States announced new, higher tariff rates this year. Tariffs can affect supply chains, investment, and firms’ input costs, resulting in supply-side effects such as higher inflation and ...

WASHINGTON, DC - MARCH 26: U.S. President Donald Trump displays a signed an executive order in the Oval Office of the White House on March 26, 2025 in Washington, DC. President Trump announced 25% ...

Update on August 29 at 6:30 p.m.: On August 29, the Federal Circuit ruled that the majority of the Trump administration’s tariffs are illegal. Specifically, it concluded that “IEEPA’s grant of ...

Editor’s note, August 7, 10:30 am ET: On August 7, Trump’s tariffs went into effect for more than 90 countries. The story below was originally published on April 2. Since President Donald Trump ...

Millions of American consumers have been waiting for President Donald Trump’s tariffs to spark a dramatic rise in consumer prices, pushing the inflation rate into the red zone. They’re still waiting.

On Nov. 5, the Supreme Court will hear oral arguments in a pair of challenges to President Donald Trump’s power to impose sweeping tariffs on virtually all goods imported into the United States. The ...

President Donald Trump made a lot of tariff threats and trade promises this year. Many materialized into a barrage of new import taxes that overturned decades of U.S. economic policy — but others have ...