The US president announced on 2 April, so-called Liberation Day, a slew of swingeing so-called "reciprocal" tariffs, or ...

Donald Trump’s just-passed One Big Beautiful Bill Act keeps corporate and personal income taxes low, which is good for U.S.

Experts at Bankrate have warned that the cost of President Donald Trump’s tariffs could ultimately be passed on to American ...

Before the passage of the One Big Beautiful Bill Act (OBBBA), the White House Council of Economic Advisers (CEA) ...

Why do we need rebates if foreign nations are paying the tariffs?” asked one Republican of a proposal in Congress to send ...

Two projections show that the Trump administration's tariff revenues would not cover the next 10 years of projected deficits ...

The letter also said that tariffs will increase inflation "by an annual average of 0.4 percentage points in 2025 and 2026, in CBO’s estimation, reducing the purchasing power of households and ...

After accounting for that change in the size of the economy, CBO estimates that the changes in tariffs will reduce total federal deficits by $2.8 trillion," the letter said.

After accounting for that change in the size of the economy, CBO estimates that the changes in tariffs will reduce total federal deficits by $2.8 trillion,” the letter said.