Trump tariffs live updates: Canada scraps tech tax that infuriated Trump; Bessent warns on July 9 deadline Yahoo Finance Events
President Donald Trump terminated trade talks with Canada on Friday and will be announcing a tariff on Canadian goods in response to a Canadian tax on American tech goods. The post Trump Terminates Trade Talks with Canada over Tax on American Tech; Will Announce Tariff in Coming Days appeared first on Breitbart. Politics
US tariffs, tax hikes to depress UK growth this year and next, CBI forecasts show Reuters Politics
The short answer is probably not, according to multiple forecasters. Politics
Tariff collections are up sharply in the last 2 months. Congressional forecasters say tariffs could help reduce the federal debt, but they'll also lead to higher inflation and slower economic growth. Politics
The CBO projects Trump's tariffs could reduce the deficit by $2.8 trillion while his tax bill would add $2.4 trillion, but experts from across the political spectrum question whether the tariff revenue is sustainable. Events
Tariffs aren’t just tools of trade. They’re instruments of tax reform. And in the hands of a new generation of economic nationalists, they’re poised to become something more: a new foundation for American prosperity. The post Breitbart Business Digest: Why New American Populists Want to Fund the Government with Tariffs appeared first on Breitbart. Politics
President Trump's policy combination of renewed tariffs and extended tax cuts amounts to a reallocation of the tax burden away from domestic work and production and toward imported goods and global supply chains. The post Breitbart Business Digest: Tariffs and Tax Relief—Trump’s New Model for Funding the Government appeared first on Breitbart. Politics
The revenue from the tariffs would more than offset projected losses from tax cuts. The post Trump’s Tariffs Would Cut Budget Deficits by $2.8 Trillion, CBO Says appeared first on Breitbart. Politics
