What to Know About Who Pays the Higher Costs of Trump’s Tariffs
President Trump’s trade policies will make imports more expensive and calculating and paying the tariffs more complicated.
President Trump’s trade policies will make imports more expensive and calculating and paying the tariffs more complicated.
A volunteer loads food into a bag at the Des Moines Area Religious Council food pantry in 2020.
Feeling tariff whiplash? You’re not alone. On April 2, 2025, President Donald Trump announced sweeping new tariffs – a 10% levy on nearly all U.S. imports, along with targeted duties aimed at punishing countries he accuses of exploiting American markets.
The idea of raising taxes on rich Americans has caught the Republican Party between its populist ambitions and low-tax instincts.
It's been a wild ride. iStock/Getty Images PlusWith stock market charts resembling the contours of a roller-coaster ride in recent days, many Americans could be forgiven for eyeing their 401(k)s with a little concern.
A closed entrance to the Social Security Administration headquarters sits empty in Woodlawn, Md., on March 20, 2025. Wesley Lapointe/The Washington Post via Getty ImagesSocial Security is one of the federal government’s biggest programs.
A turbine from the Roth Rock wind farm spins on the spine of Backbone Mountain behind the Mettiki Coal processing plant in Oakland, Md.
The country’s debt is in demand amid the chaos in financial markets spurred by whipsawing U.S. tariff policies.
In the usually steady government bond market, the yield on the 10-year Treasury has risen to about 4.5 percent from less than 4 percent at the end of last week.
A new survey from the University of Michigan shows consumers souring sharply on the economic outlook as the trade war heats up.