A tariff is a tax levied by the government on imported goods. They raise costs for importers who usually pass them on to consumers in the form of higher priced goods.

Tariffs emerged as one of the most important flash points in the 2024 presidential election. President-elect Donald Trump promised massive new duties of at least 10 percent on all imports, characterizing tariffs as a solution to everything from paying off ...

Trump's tariffs act as hidden taxes, increasing government revenue but primarily burdening American consumers and raising inflation. Deficit reduction is achieved by combining spending cuts and increased tariff revenue, but most savings come at consumers ...

Payments would also decrease based on household income. The bill’s text says rebates would be reduced based on a taxpayer’s filing status and their adjusted gross income. That income threshold is $150,000 for those filing a joint return; $112,500 for those filing as a head of household; and $75,000 for a single taxpayer.

In May, the Court of International Trade, based in New York, said Trump did not have the authority to impose tariffs and “the US Constitution grants Congress exclusive authority to regulate commerce”. That decision was upheld by the Court of Appeals for the Federal Circuit in Washington, DC, in August.

It hit me last week that almost no one in the administration truly believes in tariffs. Not, at any rate, as a serious policy. The only real enthusiast for them is President Donald Trump, and he plainly does not understand how they work. Everyone else goes ...

Mr. Grunwald is a contributing Opinion writer. Once again, President Trump says he’s preparing an emergency bailout for struggling farmers. And once again, it’s because of an emergency he created. China has stopped buying U.S. soybeans to protest Mr ...

Here’s something the global elites and the Biden White House still refuse to admit: tariffs work. President Donald J. Trump proved it. For decades, foreign governments played us for fools and suckers. They subsidized their industries, manipulated their ...