President Donald Trump's order imposing new tariffs on 68 countries and the European Union starting in seven days has injected a new dose of uncertainty in an already uncertain process.

The Budget Lab at Yale University estimates that, as of 28 July 2025, the average effective tariff rate imposed by the US on ...

U.S. tariffs are low and income taxes high so raising revenue with tariffs may make economic sense. A U.S. GST would make ...