US Tariff-Driven Customs Receipts Top $100 Billion
Through the avenue of tariffs, Trump is seeking to rejuvenate domestic production and correct trade imbalances. (Eric Thayer/Bloomberg) U.S. revenue from customs duties this fiscal year surpassed $100 billion for the first time, reflecting higher tariffs imposed by the Trump administration. The Treasury Department recorded $27 billion in customs-duties revenue ...more
Economy Falls 0.2% in First Quarter
Shoppers load groceries at Costco store in Burbank, Calif. (Damian Dovarganes/AP/File) WASHINGTON — The U.S. economy shrank at a 0.2% ...more
Farmers Press for Biofuels Boost to Counter Tariff Losses
A combine harvester cuts, threshes and cleans soybeans during a harvest in Waynesfield, Ohio. (Matthew Hatcher/Bloomberg) After losing their biggest ...more
Chevron Plans Nearly 800 Layoffs in Permian Basin
A Chevron Corp. oil drilling rig in the Permian Basin near Midland, Texas. (Daniel Acker/Bloomberg) Chevron Corp. plans to lay ...more
Trade Court Blocks Most Trump Tariffs, Ruling They’re Illegal
President Donald Trump announces his "Liberation Day" tariffs on April 2 in the Rose Garden at the White House in ...more
Ford Says Michigan Battery Plant at Risk if Tax Credits Cut
Ford Executive Chair Bill Ford at the initial 2023 announcement of the battery plant planned for Marshall, Mich. (Bill Pugliano/Getty ...more
House to Debate Transportation Funding Request for Fiscal 26
“We do not take additional funds from hardworking taxpayers for granted," Transportation Secretary Sean Dufy told the House Appropriations Committee ...more