Latest in Says Tariffs Tax
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Kentucky bourbon maker says Trump tariffs immediately impacted his business
President Trump's 25% tariffs on all imported steel and aluminum have taken effect. Victor Yarbrough, CEO of Brough Brothers Distillery, the first African American-owned distillery in Kentucky, ...CBS News - 1d -
These accounts can be the 'worst possible asset’ for retirement, expert says. Here's why
Many investors don't plan for future taxes when contributing to traditional IRAs. Here are the key things to know.CNBC - 6d -
It’s ‘Maganomics’: Trump’s brash economic strategy is likely to end in crash or crisis | Jonathan Portes
Large tax cuts for the rich, import tariffs, and the competing interests of Republican nationalists and the techno-right is a dangerous combination. What connects Donald Trump’s approach to trade, ...The Guardian - 2d -
Protecting yourself from tax identity theft
Karla Dennis is an enrolled tax agent with KDA Incorporated, a tax strategy business. She joined CBS News to discuss how to protect yourself from someone stealing your identity and filing a tax ...CBS News - 3d -
Canada announces retaliatory tariffs on nearly C$30bn worth of US imports
Canadian government says it will follow ‘dollar-by-dollar’ approach and institute 25% tariffs on US imports. Canada announced retaliatory tariffs on nearly C$30bn worth of American imports ...The Guardian - 1d -
President Trump threatens additional tariffs on Canada, European Union
The trade war is escalating as President Trump says he may impose additional tariffs on Canada and the EU. Canada has put 25% reciprocal tariffs on nearly $21 billion worth of American imports, ...CBS News - 1d -
L'Oreal CEO plays down the impact of U.S. tariffs, says he's 'not overly concerned'
L'Oreal CEO Nicolas Hieronimus said he is "not overly concerned" over the impact of White House tariffs on the company.CNBC - 3d -
U.S. farmers react to China's retaliatory tariff increase
China slapped an additional 15% import tax on American farm products, including pork, poultry, beef and soybeans. Lana Zak reports from Mount Vernon, Iowa. Then, Ed O'Keefe has the latest on ...CBS News - 3d -
Trump’s Tariff Threat Sends French Wine and Champagne Makers Reeling
Industry representatives warned that a 200 percent tax on European wines and spirits would halt shipments to the United States and wipe €4 billion off France’s trade balance.The New York Times - 1d -
How the Tax Bill Could Impact Your Wallet
Brackets may change. The standard deduction could fall. And President Trump will probably not remove taxes on Social Security income.The New York Times - 4d -
How to calculate your Social Security tax obligations
Wondering what you'll pay in taxes on your Social Security benefits? Here's how to do the math.CBS News - 3d -
Six things that could get more expensive for Americans
Economists say the president's import taxes could result in higher prices for a range of products in the US.BBC News - 2d -
How the IRS can crack down on ghost tax return preparers
Indeed, thousands of tax return preparers systematically subvert the tax return filing process, rob the Treasury of revenue and undermine taxpayers’ faith in the system.The Hill - 6d -
The looming budget question: Will Medicaid cuts fund tax cuts?
Republicans should focus tax cuts on middle-income and lower-income households that would provide greater support to the economy than tax cuts for the wealthy.The Hill - 2h -
Powell Says the Fed Is in No Hurry to Adjust Rates Amid Trump Policy Uncertainty
Jerome H. Powell says the Fed is focused on separating “signal from the noise,” as the president whipsaws on tariffs.The New York Times - 6d -
Trump tariffs of 25% on steel and aluminium come into effect globally as Europe says it will retaliate – business live
Brussels countermeasures to target €26bn of US goods from April while UK takes ‘pragmatic’ approach; US tariffs cover wide range of household goods such as tin foil. Full story: Trump tariffs on ...The Guardian - 2d -
New tariffs on U.S. wine industry are a "massive problem," says one wine trade group president
President Trump's trade battle with Canada is taking hold on U.S. alcohol suppliers. Last week, Canada imposed a 25% tariff on several U.S. products, including wine. That was in response to new ...CBS News - 20h -
Ferrari CEO says automaker is doing 'scenario planning' to counter potential impact of tariffs
"We are watching what's going to happen in the next month, next weeks," said the Ferrari CEO at CONVERGE LIVE. "We are on the same boat in terms of tariffs."CNBC - 1d -
Trump makes new Mexico, Canada tariffs threat as UAW leader backs his policy
Shawn Fain, the president of the United Auto Workers union, is backing President Trump's tariffs strategy. This comes as President Trump says tariffs against Canada and Mexico could rise in the ...CBS News - 4d -
Donald Trump threatens 200% tariff on EU wine and champagne
US president says levy on alcohol imports would be retaliation for ‘nasty’ 50% tariff imposed on bourbon whiskey. US politics live – latest updates Donald Trump has threatened a 200% ...The Guardian - 1d -
Lutnick defends Trump tariffs: ‘This is the way you run the country’
Commerce Sec. Howard Lutnick defended President Trump’s approach to tariffs, saying on Sunday the president is focused on stopping fentanyl from entering the country and is actively engaging with ...The Hill - 5d -
$1 billion in unclaimed tax refunds to expire soon: How to claim your money
The IRS warns that an estimated $1 billion in tax refunds from the 2021 tax year may become the property of the U.S. Treasury if over 1.1 million Americans do not file their tax returns by April ...The Hill - 3d -
5 smart tax moves seniors should make before April 15
Seniors who want to ease the stress and expenses that come with tax season should make these moves now.CBS News - 1d -
Ontario premier says he needs 'to sit down as quickly as possible' with Trump on tariffs
Ontario Premier Doug Ford said Monday that he needs "to sit down as quickly as possible" with President Trump regarding tariffs. ‘We're seeing inflation happening already, and it's unnecessary. We ...The Hill - 3d -
Doug Ford on additional Trump tariffs: Canadians will 'not back down'
Ontario Premier Doug Ford fired back at President Trump following his latest vow to double tariffs on steel and aluminum, saying during an interview that Canada will “not back down” and called on ...The Hill - 3d -
Trump doesn't rule out possibility of recession, Chinese retaliatory tariffs go into effect
President Trump said in a Fox News interview that aired over the weekend that inflation could continue to rise, but he wouldn't say if the U.S. could fall into a recession later this year. ...CBS News - 4d -
One of Wall Street's biggest bulls cuts his S&P 500 outlook, blaming Trump's tariffs
Widely followed strategist Ed Yardeni, one of the biggest bulls on Wall Street, lowered his market forecast, saying President Donald Trump’s tariffs raise the risk of stagflation.NBC News - 1d -
The U.S.-Canada trade war could signal a shift in economic ties, experts say
The U.S.-Canada trade war could shift economic ties as tariffs rise and tensions grow, raising concerns about future trade stability, experts say.CNBC - 4h -
Tesla warns Trump administration it is ‘exposed’ to retaliatory tariffs
Elon Musk’s electric-car maker says levies could make it costlier to produce vehicles in the USFinancial Times - 1d -
Whole Hog Politics: Your way-too-early Senate race ratings
On the menu: Tariffs tax approval; Dems jockey for 2028 position; Elon-gated; Biden hemmed in Harris; a wild commute As Senate Democrats agonize over whether to help Republicans avoid a government ...The Hill - 11h -
Starmer says he is ‘disappointed’ by US tariffs on UK steel
PM vows to ‘keep all options on table’ after EU hits back against Washington with retaliatory measuresFinancial Times - 2d -
Irish prime minister says "tariffs are damaging" amid Trump trade standoff
Irish Taoiseach Micheál Martin described the U.S. and Ireland's economic relationship as a "two-way street."CBS News - 20h -
Trump tariffs are proving ‘big headache’ for tech giants, says Foxconn
World’s biggest contract electronics manufacturer highlights disruption caused by trade policy to groups including Apple and AmazonFinancial Times - 10h -
'Wealthy tax dodgers' could benefit from IRS layoffs, Democrats warn
As the IRS faces mass layoffs, Congressional Democrats warn those staffing cuts could undermine the agency’s progress in collecting unpaid funds from “wealthy tax dodgers.”NBC News - 3d -
Treasury Secretary Bessent says economy could be 'starting to roll a little bit'
President Trump's Treasury secretary discussed the U.S. economy and tariffs on "Squawk Box."CNBC - Mar. 7 -
Trump, tariffs and wars drain funds from climate action, warns Brazil
‘Triple negative’ puts world on course for ‘civilisation doom’, says environment ministerFinancial Times - 4d -
Trump administration briefing: Judge reinstates some fired workers, more tariff threats on EU
Judge says it is a ‘lie’ that employees at federal agencies had performance issues; Trump mulls EU alcohol tariff – key US politics stories from Thursday at a glance. A federal judge in California ...The Guardian - 18h -
21 House Republicans ask leadership to limit changes to energy tax credits in reconciliation
A group of 21 House Republicans is asking a key committee to limit changes to energy tax credits passed under Democrats as the GOP seeks to overhaul the U.S. tax code. In a new letter dated ...The Hill - 4d -
Dr. Mehmet Oz may have underpaid Medicare and Social Security taxes, Senate Democratic memo finds
Dr. Mehmet Oz, President Donald Trump’s nominee to oversee the Center for Medicare and Medicare Services, may have “significantly” underpaid Medicare and Social Security taxes.NBC News - 1d -
Treasury’s Bessent Defends Tariffs, Warns of a Coming ‘Detox Period’
The Treasury Secretary says that “access to cheap goods isn’t the essence of the American Dream.” But being profitable to grow and sustain a business is.Inc. - 6d