Gridlock helps bonds until the debt ceiling
Democrats won control of both the House and the Senate in Tuesday's midterm elections, CBS News projected, with a handful of races still being counted.
Politics
What company filings say about tariff risk
Second-quarter 10-Q filings from across the Fortune 500 split companies into two groups.
Trump dusts off a 1930 law to hit Canada
The administration imposed an immediate 50 per cent tariff on imports from Canada on 19 August, using Section 338 of the Tariff Act of 1930.
What Americans now pay in tariffs
Under the new Section 301 regime, the average tariff paid on goods entering America has settled into two tiers, according to a detailed review of federal trade policy.
One tariff ends, another begins
The temporary 10 per cent tariffs imposed under Section 122 reached the end of their 150-day statutory life at midnight on 24 July, and at that moment the administration unveiled a tough new tariff regime under Section 301.
Tariff refunds mean more government borrowing
The Treasury has updated its borrowing plans, and they make for sober reading. Paying the court-ordered $166 billion in tariff refunds will mean a large and immediate increase in net Treasury bill issuance for the rest of the fiscal year.
Is it oil or tariffs pushing prices up?
A new statistical breakdown of the mid-2026 rise in inflation takes up the question that divides the Federal Reserve.
Paying tariffs while suing to get them back
Importers are paying Section 122 tariffs at the border every week while paying lawyers to win the same money back.
Trump's temporary tariff is about to expire
The administration's temporary 10 per cent tariff, imposed under Section 122 of the Trade Act of 1974, lapses by law on 24 July, when its 150-day statutory life runs out.
Steel tariffs hit everything made of steel
Customs officials on 19 June moved the Section 232 steel tariffs of 25 to 50 per cent onto a "full-value" basis for thousands of imported finished goods, a heavy blow to American fabricators and the factories they supply.
Trump's tariffs get a sturdier legal footing
The administration opened broad investigations on 2 June under Section 301 of the Trade Act of 1974, aimed at foreign forced-labour practices and digital services taxes.
Court rules Trump's new tariff illegal too
The US Court of International Trade (CIT) struck down the administration's temporary 10 per cent tariffs on 7 May, knocking out the White House's fallback trade plan.
Steel tariffs just got a lot bigger
On 6 April the administration rewrote its tariffs on metals. Duties used to be calculated on the value of the steel or aluminium inside an imported product.
Tariffs go up, refunds go out
Washington ran two stories side by side on 10 March. The administration announced plans to raise Section 122 tariffs to the legal maximum of 15 per cent.
Trump's new tariff has a 150-day clock
On 24 February, days after the Supreme Court's rebuke, the White House invoked Section 122 of the Trade Act of 1974 and imposed an immediate, temporary 10 per cent tariff on all goods imports.
The Supreme Court strikes down Trump's tariffs
The Supreme Court struck down the administration's across-the-board tariffs by 6–3 on 20 February.
Tariffs raise $30bn a month. Not for long?
Customs duties were bringing in $30 billion a month in early 2026, holding federal revenue at record levels.
Special Report
Valentine's Day: Betting on the Supreme Court
More than $130 billion in collected duties depends on the Supreme Court's ruling on the emergency tariffs, and on Valentine's Day trading desks were thinking about that rather than romance.
Special Report
Super Bowl: Shoppers wait for the tariff verdict
Americans settled in to watch Super Bowl LX with something besides football on their minds.
How long do Trump's tariff threats last?
A typical presidential tariff threat lasts about seventy-two hours before the retreat or the exemptions arrive.
Trump's tariff threat over Greenland
On 20 January the White House threatened European countries with immediate 25 per cent tariffs on all their goods exports unless Denmark and its European allies formally open talks on handing sovereignty over Greenland to the United States.
Tariffs are now funding the government
Customs duties raised $195 billion in gross collections in fiscal year 2025, according to Treasury Department receipts.
Special Report
Thanksgiving: Beef, tariffs and the holiday table
Thanksgiving tables offered a live test of how fast prices respond when a tariff is removed.
Trump cuts tariffs on beef and coffee
On 14 November the White House abruptly exempted imported beef and raw coffee beans from all border tariffs.
The longest shutdown's lasting cost
The longest federal government shutdown in modern American history has ended after forty-three days.
What if the tariffs have to be refunded?
The Supreme Court heard oral arguments on 5 November in the landmark challenge to the administration's use of the International Emergency Economic Powers Act (IEEPA) to impose across-the-board tariffs.
America and China call a truce, again
On 4 November Washington and Beijing surprised markets once again with a broad trade de-escalation, rolling back punitive tariffs and suspending retaliatory export controls.
A shutdown would leave the Fed flying blind
Congress is heading for a 1 October funding deadline with no compromise in sight, and the Federal Reserve is bracing for the consequences.
Trump's man joins the Fed
The Senate confirmed Stephen Miran to a vacant seat on the Federal Reserve Board of Governors on 15 September.
Trump moves to fire a Fed governor
On 25 August President Donald Trump moved to remove Lisa Cook, a Federal Reserve governor, before her term expires, and she has said she will fight the dismissal.
India hit with 50% tariffs
The administration has put a 50 per cent tariff on Indian imports, doubling the 25 per cent reciprocal rate in force since 7 August with a further 25 per cent that takes effect on 27 August.
Special Report
Back to school: Tariffs hit the shopping list
Back-to-school shopping has given American families a practical lesson in trade economics.
Trump fires the jobs data chief
The commissioner of the Bureau of Labor Statistics was fired on 5 August, breaking a long-standing norm that official economic statistics are kept free of political interference.
Copper tariffs, with a twist
Washington's new tariffs on imported refined and semi-finished copper take effect on 1 August, and their structure surprised the market.
Tariffs finally show up in prices
June's consumer price index settled the argument over whether tariffs raise prices.
Tariffs are raising $27bn a month
America collected $27 billion in tariff receipts in June alone, according to official customs revenue figures.
Trump's tariff letters arrive
Formal tariff letters from the White House reached Tokyo and Seoul on 7 July, and the diplomatic niceties went out of the window with them.
Special Report
Prime Day: Four days of discounts, and tariffs
Amazon stretched Prime Day to four days this year and filled it with millions of promotions.
The debt ceiling rises by $5trn
The President has signed the Omnibus Budget and Balanced Border Act (OBBBA), raising the statutory federal debt ceiling by $5 trillion and ending months of political brinkmanship.
Tariffs still aren't showing up in prices
May's consumer price index put headline inflation at 2.4 per cent year-on-year, and once again the tariff-driven surge that many had expected failed to appear.
Steel tariffs double
On 4 June the White House doubled baseline tariffs on imported steel and aluminum, from 25 per cent to 50 per cent.
Where are the tariff price rises?
Consumer prices rose a modest 2.3 per cent in the year to April, despite months of tough talk on trade and rising border levies.
Tariffs haven't dented Big Tech's AI spending
Alphabet has confirmed that its capital spending will run above $75 billion a year, and Microsoft and Meta have repeated their own large plans for AI infrastructure.
Special Report
Tax Day: The biggest tax rise in decades isn't in the tax code
The Yale Budget Lab estimates that the administration's tariffs have raised the effective national tax rate by about 22 per cent.
145%: a tariff that stops trade
Washington has raised duties on Chinese imports to 145 per cent, and Beijing has answered with levies of 125 per cent on American goods.
The formula behind Trump's tariffs
The S&P 500 fell 4.8 per cent on 3 April after the White House published a formula that ties each country's tariff rate to America's goods trade deficit with it.
