Modelling by consulting firm EY Australia shows Australian exporters would be owed more than $1.4 billion in refunds collectively if the US tariffs are struck down.

The US trade deficit in goods expanded to a new record in 2025, government data showed Thursday, despite sweeping tariffs that President Donald Trump imposed during his first year back in the White ...

Tariffs have had a particularly noticeable effect on Americans’ perceptions of the cost of food. The CFR-Morning Consult survey asked Americans how concerned they are about affording a range of ...

"You cannot go to sleep on this president," said Jay Foreman, chief executive of Basic Fun, which saw its profits slide 65% last year. The company ultimately raised the price of its Tonka plastic toy ...

WASHINGTON (AP) — President Donald Trump’s top economist on Wednesday urged that Federal Reserve economists be punished for research last week that showed American companies and consumers paying for ...

The convergence of accelerating inflation and heightened tariff costs creates optimal conditions for adopting LIFO, but taxpayers need to understand the benefits and act promptly.

Lowering tariffs could be an effective way for the Trump administration to address voters’ cost-of-living concerns, even if actual price trends reflect a more complex set of drivers.

Speaker Mike Johnson is encountering growing difficulties as rebellious House Republicans team up with Democrats to inflict ...

We study the macroeconomic effects of tariff policy using U.S. historical data from 1840–2024. We construct a narrative series of plausibly exogenous tariff changes – based on major legislative ...

President Donald Trump has repeatedly said foreigners would pay for his import tariffs. A new report says Americans picked up ...

A new report from the Federal Reserve Bank of New York confirms what economists have long warned about: The burden of tariffs is borne almost entirely by the people living in the country that imposes ...

White House advisor Kevin Hassett slammed the New York Fed report, which found that Americans, not foreign exporters, bear most tariff costs.