Economists warn that tariffs, which are taxes on foreign imports, can lead to higher prices for consumers. Trump promised during his campaign to bring down inflation. But one week into his second term ...

WASHINGTON – President Donald Trump says he does not intend to create exemptions on sweeping steel and aluminum tariffs and reaffirmed that additional duties will go into effect early next month.

At least $1.7 trillion of imports are now excluded, either because they are duty-free or subject to another tariff.

Trump’s tariffs spare crude oil and fuels but significantly raise upstream and midstream costs through duties on steel, aluminum, and Chinese industrial components. Gulf Coast refineries avoid ...

Greg Fraley, a lifelong Republican who voted for Trump in 2024, started feeling the ache at the beginning of the year when Trump increased tariffs on aluminum imports. Tariffs imposed on aluminum ...

As the climate crisis deepens, differentiated carbon tariffs offer a way to raise the relative cost of carbon-intensive imports and push global production toward lower-carbon alternatives, ...

[Stay on top of transportation news: Get TTNews in your inbox.] The U.K. is still in talks with President Donald Trump’s administration for a deal to address U.S. tariffs on steel and whiskey, ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. Pumpjacks are seen in oilfields along Highway 33, known as the ...