Donald Trump won the election after making vows to impose tariffs on imported goods a major part of his campaign.
The biggest source of revenue for the federal government these days? Income taxes, which President-elect Donald Trump has ...
While many economists have pointed out that tariffs are usually paid for by consumers in the form of higher prices – studies ...
He has suggested using tariff revenue to replace income taxes. And he has threatened tariffs of 100, 200 or even 1,000 percent on Mexico, saying the country should do more to stop flows of ...
Part of that effort has included getting Congress on board to consider a legislative approach to tariffs, which could provide a revenue source to pay for a plethora of expected new tax cuts.