We are each other's largest trading partners with US$2.5 billion worth of goods and services crossing the border every day. An import tariff is a charge imposed by a government on an imported good.

President Trump has suggested that the government eliminate the personal income tax and replace it with tariffs. While some ...

Department has introduced video conferencing for personal hearings in tax adjudication and appeals. This measure aims to enhance efficiency and convenience while ensuring adherence to natural justice ...

Companies that bring the foreign goods into the country have to pay the tax to the government. Firms may choose to pass on some or all of the cost to customers. Tariffs are a central part of Trump ...

That’s billionaire investor Warren Buffett replying to a question from CBS News about what impact he thought tariffs would have on inflation. The chair of Berkshire Hathaway Inc. BRK.A BRK.B had ...

When asked about tariffs’ impact on inflation, the 94-year-old Berkshire Hathaway chairman was blunt: “Over time, they are a tax on goods. I mean, the Tooth Fairy doesn’t pay ’em!” ...

The Fiscal Incentives Review Board (FIRB) issued FIRB Advisory 007-2024 on Dec. 17, 2024, circularizing the interim Implementing Rules and Regulations (IRR) of Republic Act (RA) 12066, also known as ...

TD Economics notes that average U.S. car prices could ... The U.S. also imported more than $32 billion in “toys, games and sporting goods” from China last year, data shows.

An analysis by the Tax Foundation found that the tariffs imposed on imports from China would reduce long-run GDP by 0.1%, while the tariffs on Canadian and Mexican goods would deal a bigger blow ...