The president says the VAT system used across Europe gives other countries unfair trade advantages. Here’s how the system ...

Dozens of states have a general sales tax. In Illinois, the tax covers consumer goods, but not services. That's a mistake, ...

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

High inflation risks persist as goods deflation fades and services inflation stays high. Find out why breakeven inflation ...

Trump discussed the tariffs in a series of posts on his social media platform, Truth Social. One update announced the official orders of the tariffs, stating that the decision was made to “protect” ...

VAT is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to ...

President Donald Trump repeated false claims about the US trade relationship with Canada and Europe in virtual Thursday remarks to the World Economic Forum in Davos. He also delivered a smattering of ...

Today’s tariffs usually refer to international trade. But there’s a distinctly old-school, fire-and-brimstone flavour to ...

The White House said Canada, along with France, both levy digital taxes, and they cost U.S. firms $2 billion a year.

Despite recent market concerns over the impact of tariffs, our previous experience suggests that stagflation is not likely to ...

While the White House is claiming Canada's pledge to spend $1.3bn (£1bn) on a border protection plan has given it diplomatic ...