America’s effective tariff rate is now 14.1%, according to Fitch Ratings, up from 2.3% last year. That means Trump raised taxes on imported goods by nearly 12 percentage points in 2025.

America’s effective tariff rate is now 14.1%, according to Fitch Ratings, up from 2.3% last year. That means Trump raised taxes on imported goods by nearly 12 percentage points in 2025.

U.S. officials have long worked on the assumption that America will end up with higher tariffs with its trading partners and do not expect to move away from the 10% tariff rate in talks with the EU.

Michigan businesses, consumers holding off on big investments amid tariff uncertainty, economic experts report Michigan’s close trade relationship with Canada makes the state especially vulnerable to ...

The Detroit automaker announced earlier this year that it could offset 30% of tariff impacts through a three-pronged strategy ― increasing U.S. vehicle and parts production, a roughly $2 billion ...

The Detroit automaker announced earlier this year that it could offset 30% of tariff impacts through a three-pronged strategy ― increasing U.S. vehicle and parts production, a roughly $2 billion ...

The Supreme Court on Tuesday received its first request to consider whether President Donald Trump’s tariffs are constitutional. Two educational toy companies, Learning Resources and hand2mind ...

May’s lower import volumes through the Port of Los Angeles could be a sign of things to come absent a new trade deal with China, even as the tariff pause boosts U.S.-bound shipments even with year-ago ...

William McKinley led a country defined by tariffs and colonial wars. There’s a reason Trump is so drawn to his legacy—and so ...

The Mexican peso appreciated to its strongest position against the US dollar in almost a year on Wednesday, dipping below 19 to the greenback due to a range of factors, including speculation that ...

The McKinley Tariff of 1890 was one of the highest ever, in competition with lower tariff proposals by Democrats, including the Wilson-Gorman Tariff, passed in 1894, which lowered tariffs by about ...