Apr 07 WATCH: Trump compares tariff policy to 'medicine' as market futures crash By Adriana Gomez Licon, Fatima Hussein, Associated Press President Donald Trump said Sunday that he won't back down on his sweeping tariffs on imports from most of the world unless countries even out their trade with the U.S., digging in on his plans to implement the taxes that… Continue reading
Apr 03 A timeline of Trump's tariff actions so far By Wyatte Grantham-Philips, Associated Press Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty. Continue reading
Apr 03 How soon will prices rise? 4 questions about Trump's reciprocal tariffs, answered By Christopher Rugaber, Paul Wiseman, Associated Press Economists don’t share President Donald Trump’s enthusiasm for tariffs since they’re a tax on importers that usually get passed on to consumers. It’s possible, however, that the reciprocal tariffs could bring other countries to the table and get them to… Continue reading
Mar 31 LISTEN: Supreme Court weighs whether group affiliated with church should get tax exemption By Lindsay Whitehurst, Associated Press The Supreme Court appeared Monday to be leaning toward a Catholic charitable organization pushing back against the state of Wisconsin in the latest religious rights case to come before the court. Continue reading
Mar 11 WATCH: Trump speaks to the Business Roundtable after day of tariff drama with Canada By Josh Boak, Rob Gillies, Michelle L. Price, Associated Press President Donald Trump participated in a question and answer session Tuesday afternoon with the Business Roundtable, a trade association of CEOs that during the 2024 campaign he wooed with the promise of lower corporate tax rates for domestic manufacturers. But… Continue reading
Mar 04 WATCH: Trump says Congress needs to pass 'tax cuts for everybody' By Joshua Barajas The first speech of Trump’s second term in office, while not officially a State of the Union address, is a chance for the president to lay out legislative priorities and tout early achievements. Continue reading
Mar 04 5 things to know about tariffs and how they work By Paul Wiseman, Associated Press President Donald Trump is a proponent of tariffs, insisting that they are paid for by foreign countries. In fact, it is importers — American companies — that pay tariffs. Continue reading
Jan 25 WATCH: President Trump delivers remarks at 'no tax on tips' event in Las Vegas By Will Weissert, Associated Press Trump is using a stop Saturday in Las Vegas to offer details on how he can begin excluding tips from federal taxes, betting that a city built on gambling and the hospitality industry will relish taking home larger slices of gratuities. Continue reading
Jan 23 WATCH: Trump promises tax cuts and threatens tariffs at meeting of global elite in Davos By Zeke Miller, Josh Boak, Jamey Keaten, Associated Press Speaking by video from the White House to the annual summit in Davos, Switzerland, on his third full day in office, Trump ran through his flurry of executive actions since his swearing-in and claimed that he had a “massive mandate”… Continue reading
Dec 13 IRS recovers $4.7 billion in back taxes, braces for cuts under Trump and GOP majority By Fatima Hussein, Associated Press The collections included $1.3 billion from high-income taxpayers who did not pay overdue tax debts and $2.9 billion related to IRS Criminal Investigation work into crimes like drug trafficking and terrorist financing. Despite its gains, the future of the agency's… Continue reading