Politicians talk a lot about tariffs, and much of what they say boils down to a simple question: Who pays? President Trump has insisted repeatedly that foreign countries will foot the bill for American tariffs.

As President Donald Trump piled on new tariffs last year, many economists quickly warned that prices and unemployment would spike. With most of the 2025 economic results in, it’s looking like those forecasters get partial credit.

Steep import taxes have raised prices and affected U.S. businesses, but not quite as much as expected. A new report offers some reasons.

James Blanchard, a fourth-generation shrimper, was prepared to hang up his nets because of collapsing prices caused by imports. He's not a fan of Trump's persona, but appreciates his policies.

A blow to consumer and business demand likely explains why tariffs’ impact on inflation is limited.

Mexico’s heavy-duty vehicle industry experienced its worst year since the pandemic in 2020, registering historic drops.

Trump's tariffs have resulted in rising job cuts and less investment, according to a survey from the Association for Supply Chain Management and CNBC.

The European Commission set out the conditions on Monday under which China-based electric vehicle makers can replace EU tariffs with commitments to sell at minimum prices and said it would take into account Chinese EV investments in the bloc.