Latest in GOP rep says 'tariff is a tax': 'No question'
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GOP rep says 'tariff is a tax': 'No question'
Rep. Pete Sessions (R-Texas) on Monday said a “tariff is a tax,” a day before the Trump administration’s imposition of “Liberation Day” reciprocal tariffs. In Sessions’s appearance on “CNN News ...The Hill - 2d -
Trump’s tariffs are ‘taxes’ and are ‘hurting the American people,’ says Democratic lawmaker
Rep. Steven Horsford (D-Nev.) joins Meet the Press NOW to discuss the fallout from President Trump’s sweeping tariffs. He calls the tariffs a “tax” that will cause Americans to pay more.NBC News - 11h -
Russia’s Escape From Trump’s Tariffs Raises Questions
The Trump administration says sanctions imposed on Moscow mean the U.S. does little trade with Russia, but questions persist about the motivations.The New York Times - 19h -
Canada to counter ‘unjustified’ US tariffs with 25% taxes on US cars, says Carney
Canadian prime minister says country will impose taxes on US vehicles not compliant with continental free trade deal. Canada will retaliate against “unjustified, unwarranted” tariffs imposed by the ...The Guardian - 15h -
As Trump readies reciprocal tariffs, economists say 'value-added taxes' aren't a trade barrier
"Value-added taxes" are a common type of consumption tax used worldwide. They don't create a trade disadvantage for the U.S., economists said.CNBC - 3d -
Trump Says His Tariffs Will Take Effect Wednesday
The president did not reveal the details of his plan to impose reciprocal tariffs the same day, but suggested he would move ahead with import taxes on trading partners.The New York Times - 2d -
What Trump says he's trying to accomplish with tariffs
President Donald Trump contends tariffs will pay for tax cuts, lower foreign trade barriers, revive U.S. factories, curb fentanyl and reduce the national debt.CNBC - 9h -
Tariffs 'hard to come back from', says US pharma boss
Eli Lilly's boss tells the BBC he is doubtful tariffs will bring jobs to the US or raise billions in taxes.BBC News - 8h -
Senate budget blueprint empowers GOP chair to decide if Trump tax cuts add to deficit
Senate Republicans on Wednesday unveiled a 70-page budget resolution that they say would give Senate Budget Committee Chair Lindsey Graham (R-S.C.), a staunch ally of President Trump, the power to ...The Hill - 1d -
Rep. Pettersen says it was 'difficult' decision to bring infant son to House floor
Democratic Rep. Brittany Pettersen said the decision to bring her 9-week-old was "difficult" but illustrated the need to pass the petition.ABC News - 1d -
GOP senator says Trump ‘doesn’t bluff’ as the president says he’s ‘pissed off’ at Putin
Sen. Markwayne Mullin (R-Okla.) exclusively joins Meet the Press to discuss Donald Trump’s negotiating tactics as the president says he may impose secondary tariffs on Russian oil.NBC News - 4d -
GOP tax proposals could add $9 trillion to nation’s deficits: Analysis
A menu of tax cut proposals made by President Trump and Republicans could add north of $9 trillion to the nation’s deficits over the next decade without offsets, a recent analysis from the Peter G. ...The Hill - 2d -
Colts' Anthony Richardson, Daniel Jones will split starting reps, says Shane Steichen
At the beginning of OTAs, Anthony Richardson and Daniel Jones will split starting reps, says Shane Steichen.Yahoo Sports - 3d -
Schumer on Trump's new tariffs: A 'huge tax on American families' to 'help billionaires get a tax cut'
Senate Minority Leader Chuck Schumer (D-N.Y.) on Wednesday slammed President Trump’s sweeping new tariffs, calling them a “huge tax” on the average American family. “This is a huge tax on American ...The Hill - 1d -
Trump’s tariffs are a ‘negotiating tool’ and won’t be in effect ‘long term’: Republican lawmaker
Rep. Mike Lawler (R-N.Y.) says he believes President Trump’s tariffs could be an “effective negotiating tool.” Rep. Lawler also discusses the legislation he co-sponsored to allow new parents to ...NBC News - 11h -
‘War’ and ‘pain’: what the papers say about Donald Trump’s trade tariffs
The US president has announced new taxes on imports to the US starting at a baseline of 10% – here is the front-page reaction in Britain. Donald Trump’s tariff “day of liberation” arrived with the ...The Guardian - 1d -
Trump tariffs on nations that import Venezuelan oil are an unprecedented move that increases trade uncertainty, analysts say
President Donald Trump's secondary tariffs are "unprecedented and legally questionable," according to the consulting firm Rapidan Energy.CNBC - 2d -
How to qualify for IRS tax forgiveness, according to experts
IRS relief programs may reduce or eliminate tax debt for qualified taxpayers. Here's what experts say to know.CBS News - 2d -
Pence on Trump tariffs: 'Largest peacetime tax hike in U.S. history'
Former Vice President Mike Pence warned about the economic and political risks of the Trump administration’s sweeping reciprocal tariffs on other nations, calling them the “largest peacetime tax ...The Hill - 14h -
5 questions about Trump’s ‘Liberation Day’ tariffs
President Trump plans to announce reciprocal tariffs on a host of nations Wednesday at a White House event. Trump has deemed April 2 “Liberation Day” because of the tariffs, and the White House ...The Hill - 1d -
iPhones, pensions and Brexit: Your questions answered
Donald Trump slaps much of the world with a 10% baseline tariff while others face even higher rates. Our correspondents answer your questions.BBC News - 15h -
Rep. Mike Turner says there is a "chaos caucus" who want to block any Congressional action
House Intelligence Committee chairman Rep. Mike Turner tells "Face the Nation" that there is a "chaos caucus that wants to stop everything that a person in Congress does" as Speaker Mike Johnson ...CBS News - 3d -
Military families are 'making a mistake' if they skip this tax-free retirement account, advisor says
Members of the U.S. armed forces qualify for special tax breaks, which can offer unique financial planning opportunities, experts say. Here's what to know.CNBC - 3d -
GOP braces for potential defeat on Trump tariff bill
Senate Republicans are bracing for the passage of a bipartisan bill to undo President Trump’s 25-percent tariff against Canada, which would deal Trump an embarrassing setback on “Liberation Day,” ...The Hill - 1d -
Thune urging GOP colleagues to kill resolution to undo Trump tariffs
Senate Majority Leader John Thune (R-S.D.) is urging Republicans to defeat a Democratic-sponsored resolution to undo President Trump’s 25-percent tariff on Canadian imports, arguing the tariff is ...The Hill - 2d -
4 GOP senators vote with Democrats to undo Trump tariffs on Canada
A group of Republican senators voted along with Democrats on Wednesday for a resolution to undo President Trump's 25 percent tariffs on Canadian imports, dealing an embarrassing blow to Trump. The ...The Hill - 1d -
GOP senator supporting Trump tariffs despite 'short-term pain'
Sen. Tim Sheehy (R-Mont.) said during a recent interview that he supports President Trump’s expansive tariff agenda despite the likelihood of short-term negative impacts. “There’s absolutely gonna ...The Hill - 2d -
Senate GOP unease sets in after Trump tariff rollout
Senate Republicans are feeling increasingly uneasy after President Trump rolled out his “Liberation Day” batch of tariffs, which are threatening to further dent the U.S.'s economic standing after ...The Hill - 1d -
Trump backs remote voting for new parents amid House GOP impasse
The initiative backed by Rep. Anna Paulina Luna and publicly opposed by Speaker Mike Johnson has split House Republicans and brought floor proceedings to a halt this week.NBC News - 8h -
Thune backs Trump tariffs
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP leader warns against undoing tariffs Senate Majority Leader John Thune ...The Hill - 2d -
Senate GOP leaders vow to plow ahead with budget votes
A final plan could be circulated as soon as Tuesday night amid unanswered accounting questions and concerns from deficit hawks.Politico - 2d -
Three big unknowns ahead of Trump's tariffs announcement
The president is expected to unveil details of his plans for a wider set of import taxes. But what tariffs and when?BBC News - 2d -
Trump and DOGE Defund Program That Boosted American Manufacturing for Decades
President Donald Trump says taxing imports will strengthen domestic manufacturing. Hours before announcing new tariffs, his administration cut support for centers that help US firms do just that.Wired - 1d -
Colts QB competition: Anthony Richardson, Daniel Jones to split starting reps beginning with OTAs, HC says
It's a true battle for the top job in IndianapolisCBS Sports - 3d -
How were Trump's tariffs calculated?
Analysts have questioned claims that new tariffs are reciprocal and based on those charged against the US.BBC News - 20h -
Trump's tariffs are expected to raise consumer prices, but a key question remains: By how much?
As the U.S. president weighs increasing tariffs on imports, economists find that prices across many categories could rise as a result.CNBC - 1d -
Trump levies tariffs on uninhabited islands
President Trump, as part of his expansive package of new tariffs, levied taxes on a number of uninhabited or sparsely populated islands that have little-to-no exports. The announcement of new ...The Hill - 16h