One year ago today, during a Rose Garden ceremony at the White House in Washington, US President Donald Trump announced a new 10 percent global tariff as part of a sweeping executive order he dubbed “Liberation Day”. The immediate fallout from his ...

The US Supreme Court has ruled that President Donald Trump overstepped his powers when he imposed sweeping global tariffs last year. In its 6-3 decision, the court ruled that Trump could not use a 1977 law - the International Emergency Economic Powers Act ...

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Investopedia / Photo Composite by Elizabeth Guevara / Getty Images After tariffs on Mexican ...

The idea of another government check is back in the headlines. President Donald Trump and his supporters have recently renewed discussion around potential $2,000 "tariff rebate" checks that would send direct payments to millions of Americans. For ...

When the U.S. Supreme Court ruled that the administration’s tariffs were unlawful, it resolved a constitutional question. What it did not resolve is how to unwind the economic damage. Gov. JB Pritzker has called for roughly $1,700 per Illinois household ...

President Donald Trump’s 15% tariff on imports from nearly every country on Earth may sound tough, but it reflects a basic misunderstanding of economics. Tariffs are not paid by foreign governments. They are paid by American companies that import goods ...

Companies are increasingly passing the cost of President Donald Trump’s tariffs on to consumers and plan to keep raising prices, a KPMG survey released Monday suggests, underscoring how consumers have shouldered the burden of Trump’s tariffs as the ...

American consumers awoke July 24 to news of new tariffs of 10% to 12.5% on imports from more than 80 countries. What does it mean for consumers?