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Trump, tariffs and income tax

Trump promises no income taxes for earners under $200K, but tariff costs still loom

President Trump suggests that increased tariffs on imports could replace income taxes. He claims there's a 'real possibility' that tariff revenues could be substantial enough to eliminate income taxes for millions of Americans.

Barron's on MSN · 1h

Tariff Revenue Isn’t Coming Close to Trump’s $3 Billion Daily Promise

Since tariff levels were raised on April 9, the U.S. is collecting an average of $918 million a day. Donald Trump has promised $3 billion.

Cointelegraph on MSN · 1d

Federal taxes to be 'substantially reduced' once tariffs set in: Trump

United States President Donald Trump recently said that federal income taxes would be "substantially reduced" or potentially eliminated once the tariff regime fully sets in. In an April 27 Truth Social post,

Trump, election day and Economic Week

USA TODAY · 20m

Trump promised to improve the economy on Day 1. Americans are still waiting.

Nearing Trump's 100th day in office, economy isn't getting better for most, with tariffs, stock market convulsions and high grocery bills.

U.S. News & World Report on MSN · 4h

Jam-Packed Economic Week as Trump Reaches 100 Days in Office

Important reads on the labor market and inflation highlight a week in which President Donald Trump celebrates 100 days in office.

POLITICO on MSN · 21h

Trump’s team brushes off economic concerns ahead of 100-day mark

New polling from both CNN and the Washington Post mirror findings from Pew Research Center and Reuters/Ipsos released earlier this week showing Trump’s economic standing with th

China, Trump

CNET on MSN · 3h

Today's Mortgage Rates for April 28, 2025: Rates Drop Off Amid Trump's Tariff Pause

While any dip in rates is good news for buyers, average 30-year mortgage rates are still closer to 7% than 6%.

ABC · 1d

Trump tariffs live updates: US won't drop China tariffs without something 'substantial'

Stocks continued their rally early Wednesday as markets attempted a recovery following a battering amid fears that President Donald Trump will attempt to fire Federal Reserve Chairman Jerome Powell. The president on Tuesday said he would not fire Fed Chair Jerome Powell,

U.S. News & World Report · 1d

Bessent Does Not Back up Trump on China Tariff Discussions

U.S. Treasury Secretary Scott Bessent on Sunday did not back President Donald Trump's assertion that tariff talks with China were under way and said he did not know if the U.S. president had talked to Chinese President Xi Jinping.

1hon MSN

Trump's Fed feud: Why interest rates won't budge anytime soon

President Donald Trump could be setting up Fed Chair Jerome Powell as a 'scapegoat' if a recession hits, according to an MSU ...

44mon MSN

Democrats press WH over potential 'insider trading' before Trump tariff pause

The Democrats “urgently” called for the White House to issue the full disclosure of financial transactions of senior ...

Trump’s Tariffs Prompt Wave of Lawsuits as States and Businesses Fight Back

Nearly four weeks into a costly global trade war with no end in sight, Mr. Trump is facing a barrage of lawsuits from state ...

Daily Voice on MSN14m

DHL Ends High-Value Delivery Pause As Trump's Tariffs Spark Customs Backlog

A major global shipping company has lifted its pause on high-value shipments to the US after stopping them for a week due to ...

1don MSN

Trump is softening his tariff talk. But the damage may already be done.

The economic effects of new trade wars could be hard for the United States to dodge even if talks yield new deals soon.

Trump tariffs: Ohio businesses note impact on customers, supply in Cleveland Fed survey

A Federal Reserve Bank of Cleveland survey found most respondents believe Trump's new tariffs will affect local businesses ...

4don MSN

Trump reversals on Fed chair, China tariffs send markets higher

Chief executives of Walmart, Target and Home Depot reportedly warned Trump that supply chain disruptions would lead to empty ...

46m

Trump cuts threaten Americans’ safety net just as more are expected to need it

As tariffs spur worries of an economic downturn, Americans are poised to face higher costs with fewer resources to rely on.

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