The Yale Budget Lab noted that the letters sent Monday would hike the effective tariff rate on U.S. consumers to the highest since 1934.

Former Treasury Secretary Janet Yellen weighed in on the Trump administration’s trade war Friday evening, blasting President Trump’s latest roll-out of import taxes on nearly all trading partners.

Former Treasury Secretary Janet Yellen weighed in on the Trump administration’s trade war Friday evening, blasting President Trump’s latest roll-out of import taxes on nearly all trading partners.

Last week, the president enacted a sprawling set of tax cuts that he believes to be the ingredients for rapid economic growth, even as fiscal experts warned that the law may injure the poor while putting the U.S. government on a risky new fiscal path.

His on-again, off-again approach to reshaping international trade is affecting the U.S. economy and the people in it.

President Donald Trump has high aspirations for his tariffs, going so far as to suggest increased taxes on imports could replace income taxes. "There's a real chance," he told Fox Noticias on ...

As Mr. Trump implements—granted, haltingly—these economists’ ideas on tariffs, we should take seriously the risk that the administration will push ahead with some of their other ideas, this ...

Trump was visibly offended when asked about the phrase Wednesday and rejected the idea that he’s “chickening out,” saying that the reporter’s inquiry was “nasty.”

Former Treasury Secretary Janet Yellen weighed in on the Trump administration’s trade war Friday evening, blasting President Trump’s latest roll-out of import taxes on nearly all trading partners.