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President Trump boasted this week that his tariffs are raising "a fortune" for the U.S. government. Tariffs could also raise prices for the back-to-school and Christmas shopping seasons.
The post Scott Bessent Takes Premature Victory Lap on Tariff Revenues appeared first on Reason.com.
The S&P 500 and Nasdaq Composite ended largely unchanged on Friday, having dipped earlier after a Financial Times report ...
Charles Schwab said a surge in trading activity by its brokerage customers helped lift second-quarter profits by 60%.The ...
Trump is pushing for 15–20% minimum tariffs in trade talks with the EU, rejecting proposals to ease car levies and ...
M raised its full-year profit forecast and projected a smaller tariff-related hit to its 2025 earnings on Friday, weeks after ...
Tariff revenues have brought in more that $113 billion so far this year, according to the Treasury Department data. The U.S. received more than $27 billion in customs duties in June alone.
The FT also added a key piece of information that may surprise many Trump critics, noting that American consumers are not ...
Tariff revenue quadrupled compared to a year ago and cost savings increased sharply in June to help the federal government ...
Citigroup, Goldman Sachs and other major banks post massive trading gains as market volatility defines Trump’s economic ...
Trump threatened a 50% tariff against Brazil, one of the U.S.’s largest suppliers of green coffee beans, starting Aug. 1.
The ongoing tariff negotiations have created a potentially more uncertain environment for electronics and other supply chains ...