In the process he has raised the average effective tariff on goods entering America from 2.5% last year to about 20%, the highest since the Great Depression. The policy process has been chaotic, to put it politely,

President Donald Trump says "there's a real chance" tariff revenue can replace the income tax. Here's what economists say on the subject.

Donald Trump’s tariffs will end up hurting most Americans, acting as a tax increase for nearly every income group, with a minimal impact on the top one percent of earners. Those are the findings of an analysis by the Institute on Taxation and Economic Policy released Wednesday.

The U.S.’s international trade court declined late Tuesday to immediately block President Donald Trump’s sweeping tariffs—at least for now—marking the first ruling on the president’s controversial tariffs as multiple lawsuits allege Trump exceeded his authority by imposing them.