President Donald Trump has imposed tariffs on $2.2 trillion worth of imported goods, claiming they protect domestic producers. Ironically, American small businesses are among those bearing the heaviest burden of these taxes. Now, these businesses are ...

However, economic experts have predicted that Trump’s proposals also would raise costs for Americans and reduce the country’s economic growth. We’ll explain how tariffs work, what Trump has proposed and what experts say about it, and what happened during Trump’s first term.

President Trump has floated a sweeping promise: tariffs on foreign goods so large and lucrative that Americans could stop paying federal income tax. The idea taps into deep frustration with the tax code and anger over trade, but it also raises a basic ...

Rising prices have been top of mind for consumers for several years, especially coming off the high inflation after the pandemic. Now, rising global tensions in 2025, including new tariffs, are starting to impact people’s wallets. In fact, the Harvard ...