Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a global trade war — all while ...

Tax refunds are coming in smaller this year, and the drop may be due to certain family tax credits haven’t been delivered yet. The IRS reported that the average refund amount via direct deposit ...

It’s also possible to deduct the current fair market value of goods you ... on your tax return. Phillips says the only exception would be when an animal is a certified service animal, like ...

“The tooth fairy doesn’t pay them,” Buffett remarked. As such, Trump’s tariffs are going to increase prices on a large swath of goods, including groceries, computers, and cars. Trump’s tariffs ...

President Trump has granted a short-term reprieve on tariffs imposed on certain Canadian and Mexican goods. NBC News' Brian Cheung reports on the latest tariffs move by the Trump administration ...

The Treasury secretary’s comments belie the importance that lower costs of goods and services can have for American consumers, said Daniel Hornung, the former deputy director of Biden’s ...

The companies that bring the foreign goods into the country pay the tax to the government. Typically, tariffs are a percentage of a product's value. A 20% tariff on Chinese goods means a product ...

Trump’s 25% tariffs on nearly all goods imported from Canada and Mexico ... into the United States will be subject to a border tax. Those tariffs will, economists explain, almost inevitably ...

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 ...

Mexico and Canada will face tariffs of 25 percent, while goods from China will be hit with an additional 10 percent tax. Mexico and Canada will face tariffs of 25 percent, while goods from China ...

The U.S. also imported more than $32 billion in “toys, games and sporting goods” from China last year, data shows. And Americans import billions of dollars a year in clothing from China.

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 ...