The Trump administration is taking concrete steps to eliminate the IRS while proposing tariffs as replacement revenue.

The U.S. Customs and Border Protection (CBP) has reportedly collected more than $106 billion in customs revenue since Donald Trump assumed the presidency, with a significant portion attributed to the ...

Trump’s presidency is reshaping the US: slashing federal jobs, ramping up immigration enforcement, imposing tariffs on trading partners, defunding universities and research programs, and more. Reuters ...

Given this administration’s history of bold and sometimes outlandish ideas — from threaten to use force to invade Greenland ...

Treasury Department Secretary Scott Bessent insisted Thursday that tariff are not taxes, defying the widely accepted economic and financial definition of President Trump’s top trade tool. In an ...

GM Internal Strategy Mitigating A Third Of Trump Tariff Impact . By George Barta. June 12, 2025 4:00 pm . ... “I don’t think what the administration is doing (enacting tariffs) ...

US tariff revenue hits record high in May, helping cut budget deficit The Treasury Department recorded $23 billion in customs-duties revenue for May, according the agency's monthly budget statement.

Duties generated $37.8 billion in revenue for the U.S. in April and May, after President Trump imposed new tariffs on steel, aluminum, cars and goods from China, Mexico and Canada. The tally ...

US customs duties climbed to a record in May, helping shrink the budget deficit for the month, while doubts remain about the persistence of the inflows as the Trump administration negotiates with ...

On May 29, U.S. District Judge Rudolph Contreras similarly struck down tariffs that impacted two small educational toy businesses, which manufacture most of their products in China, Taiwan, South ...

BJ’s Wholesale Club Holdings Inc. maintained its full-year guidance Thursday, despite concerns over the impact of tariffs, but the stock turned lower Thursday as fiscal first-quarter revenue ...

Its revenue rose 12% in the first quarter to $2 billion versus a year earlier. While Citi has a "deep bench" of talent, it plans to add staff in the United Kingdom, Germany, China, Japan, India ...