Latest in Says Tariff Tax
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This tax strategy is a 'silver lining' amid tariff volatility, advisor says. Here's how to use it
Amid tariff volatility, investors could leverage tax-loss harvesting, which uses losses to offset other portfolio gains. Here's what to know about the strategy.CNBC - 1d -
Starmer vows not to raise taxes despite Trump’s tariffs
Prime minister says he will ‘seize the opportunity’ to make the economy more secureFinancial Times - 2d -
Why Trump's tariffs may do little to pay for tax cuts
The White House is arguing that revenue from President Trump's tariffs on U.S. importers is going to help pay for domestic tax cuts. “This time around, tariffs will help pay for both tax cuts and ...The Hill - 23h -
Republicans Like to Cut Taxes. With Tariffs, Trump Is Raising Them.
President Trump’s tariffs are scrambling the Republican plan for the economy, long centered on tax cuts and growth.The New York Times - 5d -
More Americans call taxes unfair: Gallup
A new Gallup poll found that 50% of Americans believe their income tax rate is unfair, with 59% saying they pay too much and 58% saying lower and middle-income people pay too much, while 70% say ...The Hill - 1d -
Remember when Republicans were tax cutters? No more.
President Trump has imposed the largest tax increase since 1982 through his tariffs, which will cost U.S. taxpayers $258.4 billion this year alone and $2.9 trillion over a decade, damaging the ...The Hill - 1d -
Billionaire Trump backer warns of 'economic nuclear winter' over tariffs
Bill Ackman says the US president should pause his planned import taxes - or risk shattering investors' confidence.BBC News - 2d -
Trump tariffs will hit UK economic growth, BoE official warns
Clare Lombardelli says import taxes will ‘depress activity’ but impact on inflation is less clearFinancial Times - 1d -
Small Businesses Face a ‘Tornado’ of Challenges: Cuts, Freezes and Now Tariffs
President Trump vowed to aid entrepreneurs by reducing taxes and slicing red tape. But some owners say other policies have put them at a disadvantage.The New York Times - 3d -
Peter Navarro says Vietnam's 0% tariff offer is not enough: 'It's the nontariff cheating that matters'
The examples of nontariff "cheating" cited by Navarro included Chinese products routed through Vietnam, intellectual property theft and a value-added tax.CNBC - 2d -
Trump's terrible tariffs: A double whammy for Americans
President Trump's executive order on tariffs is a national sales tax that consumers will pay on top of their local property, state sales and income and federal taxes, and is estimated to amount to ...The Hill - 1d -
Elon Musk's brother slams Trump tariffs, calls them 'permanent tax on the American consumer'
Kimbal Musk, the brother of the world's wealthiest person, took to X on Monday to criticize President Donald Trump's tariffs.CNBC - 2d -
The House Republicans Holding Out Against Trump’s Budget and Tax Cut Plan
Hard-line conservatives concerned about the deficit are among President Trump’s most stalwart supporters in Congress. But they say they cannot in good conscience back the budget plan he has endorsed.The New York Times - 13h -
Trump threatens new 50% tariffs on China
The US president warns of the extra tax unless China withdraws its own 34% counter-tariff on US goods.BBC News - 2d -
What are reciprocal tariffs, slated to go into effect Wednesday?
President Trump's reciprocal tariffs on dozens of countries go into effect Wednesday. Here's what to know about the import taxes.CBS News - 1d -
Trump tariffs 'will increase the unemployment rate to recessionary levels,' says economist
As a result of the Trump administration's new tariffs, U.S. job losses “could be in the millions,” says Harry Holzer, senior fellow at Brookings.CNBC - 1d -
Canada Drops the Gloves in Tariff Spat, Makes Its Case on U.S. Billboards
The tariffs-are-a-tax messages are targeting residents in places like Pittsburgh that count on Canadian trade.The New York Times - 4d -
How to Leverage the Tax Code’s Advantage for a Better Tax Return
There are key changes and updates to the tax code that filers can take advantage of to reduce their tax burden and improve savings.Inc. - 5d -
Trump tariffs could have "devastating impact," small businesses say
Small business owner Emily Ley says new U.S. tariffs on China will devastate her stationery store, calling the added costs "catastrophic."CBS News - 1d -
Musk, Navarro tangle on tariffs
Tech billionaire and close Trump ally Elon Musk tangled with the president's trade advisor Peter Navarro on tariffs over the weekend, as the administration’s new import taxes have roiled the stock ...The Hill - 2d -
IRS acting commissioner is resigning over deal to send immigrants' tax data to ICE, sources say
Melanie Krause, acting head since February, will step down over the data-sharing document signed by Treasury Secretary Scott Bessent and Homeland Security Secretary Kristi Noem.NBC News - 1d -
Trump says tariffs will accelerate reshoring, but experts say it's not that easy
President Donald Trump may hope his tariffs bring manufacturing and jobs to the U.S., but the reality is not so simple, according to experts.CNBC - 4d -
Trump says he is ‘not looking’ at a pause in tariffs to allow trade negotiations
Markets swing as Washington says it will kick off trade talks with JapanFinancial Times - 2d -
Trump tariffs, including massive levies on China, go into effect
President Trump's latest round of sweeping reciprocal tariffs went into effect early Wednesday, including a 104 percent import tax on China. The tariffs, which Trump announced April 2, the day he ...The Hill - 21h -
Donald Trump says he is not looking at pausing tariffs as US markets close after rocky day – business live
US president, when asked about considering a pause in global tariffs, says ‘We’re not looking at that’. Trump threatens additional 50% tariffs on China over retaliatory levies Volatility grips ...The Guardian - 2d -
Cambodia hit with highest Trump tariff but manufacturing 'absolutely not' coming back to U.S., trade group says
Retailers rely on Cambodian factories, which were just hit with a 49% tariff rate by Trump. A trade group says that manufacturing will not return to the U.S.CNBC - 1d -
O’Leary advocating for 400 percent tariffs on China
"Shark Tank" investor Kevin O’Leary said Tuesday that he is an advocate for placing 400 percent tariffs on China as the Trump administration ramps up its import taxes on the country. O’Leary, ...The Hill - 19h -
Trump just handed Democrats the golden ticket. Tariffs have unified the American electorate.
President Trump's tariffs are a $6 trillion tax on Americans, which could be a unifying message for Democrats to use in the next 18 months leading up to the midterms.The Hill - 1d -
Trump says he’s not looking at a pause on tariffs
President Trump on Monday said he’s not considering a pause on tariffs, following an unconfirmed report earlier in the day that he was considering a 90-day pause, which caused the stock market to ...The Hill - 2d -
Trump Says No Pause to Tariffs as He Targets China for Retaliation
The president said he would counter Beijing’s tariffs, which came in response to Mr. Trump’s own levies, with even more tariffs on Chinese imports.The New York Times - 2d -
Businesses, conservative lawyers planning legal challenge to Trump's tariffs
Sources say a lawsuit calling the tariffs unconstitutional could come this week.ABC News - 2d -
Trump threatens additional 50% tariffs on China over retaliatory levies
President poised to further impose taxes after Beijing announced a 34% tariff on US imports as global markets fall. US politics live – latest updates Donald Trump has threatened to impose an ...The Guardian - 2d -
China vows to 'fight to the end' after Trump ramps up tariff threat
The Chinese government on Monday vowed to “fight to the end” after President Trump ramped up his tariff threat against the nation, warning he could impose an additional 50 percent tax on goods ...The Hill - 1d -
EU hits back at Trump, US with tariffs on US goods
Member states of the European Union (E.U.) have agreed to tariffs on a range of U.S. products in response to President Trump's sweeping new import taxes. EU states voted Wednesday to “introduce ...The Hill - 18h -
New and soon-to-be retirees are ‘terrified’ of market turmoil over tariffs, Sen. Schiff says
Sen. Adam Schiff (D-Calif.) on Meet the Press says people have seen their “retirement savings on fire” following President Donald Trump’s announcement of sweeping tariffs.NBC News - 3d -
Ursula von der Leyen says Trump’s tariffs pause is ‘important step towards stabilising global economy’ – Europe live
European Commission president floats idea of zero-for-zero tariff agreement with US, saying she hopes to achieve ‘frictionless trade’. Elsewhere, French president Emmanuel Macron is making ...The Guardian - 11m -
Trump Says Tariffs Will Stay Until Trade Deficit Disappears
The president said he would not quickly reverse last week’s steep tariffs, which have sparked pushback and roiled markets.The New York Times - 3d -
White House says 104% tariff on China will take effect Wednesday
The U.S. will impose a 104% tariff on imports from China starting on Wednesday, according to White House officials.CBS News - 1d -
AustralianSuper says US remains best place to invest overseas
Market chaos unleashed by tariffs has not dimmed America’s appeal, says superannuation fund CIOFinancial Times - 1d -
UK and India rush to secure trade deal after Trump tariffs
Long-delayed talks between London and New Delhi given fresh impetus by US taxes on importsFinancial Times - 16h