Tariff income won’t come close to balancing the federal fisc.

Tariff revenues have brought in more that $113 billion so far this year, according to the Treasury Department data. The U.S.

President Trump boasted this week that his tariffs are raising "a fortune" for the U.S. government. Tariffs could also raise prices for the back-to-school and Christmas shopping seasons.

The Federal Government has disclosed that the cost-reflective tariff adjustments for Band A customers led to the realisation of N1.7 trillion, a 70 per cent increase in revenue in 2024 from N1 ...

The causal pathways by which tariffs could cause a recession seem dormant. Trade policy turmoil is the new normal, and may not create as much economic damage as feared.

The Congressional Budget Office reported federal revenues are starting to surge, as they are up about 18% since June.

Tariff revenue quadrupled compared to a year ago and cost savings increased sharply in June to help the federal government ...

The Trump administration's tariffs promise significant federal revenue, but rising inflation raises concerns. As the Federal Reserve grapples with economic pressures, the question remains: do the ...

Economists broadly expect the tariffs to add 1 to 1.5 percentage points to the inflation rate by the end of the year, which could leave it between 3.5% and 4%. Inflation peaked at 9% in 2022 and got ...

Tariffs—taxes placed on imported goods—are one of the oldest tools in the United States' economic policy arsenal, dating back ...

The higher rates suggest Trump may raise tariffs on certain countries beyond the levels outlined in his April 2 “Liberation ...

Eliminating $2 trillion annual deficit would require increasing revenue, decreasing spending, or a combination of the two.