WEST LAFAYETTE, Ind. — A research professor at Purdue University breaks down tariffs and their economic impact on the United States. Channing Arndt, who’s also director of the Global Trade Analysis ...

President Donald Trump’s 15% tariff on imports from nearly every country on Earth may sound tough, but it reflects a basic misunderstanding of economics. Tariffs are not paid by foreign governments.

President Donald Trump has recently claimed his tariffs will generate so much money that Americans could soon stop paying federal income taxes. But experts say he's overpromised. "Over the next couple ...

Running the Numbers: Can Tariffs Replace Income Tax Revenue? If you want to raise $2.4 trillion from a roughly $3.5-trillion base of imports, the back-of-the-envelope math suggests you need an average ...