The administration revealed how they calculated the tariffs. Buried in that math is a straightforward answer to a question Trump has long refused to answer: How much will his tariffs raise prices?

After weeks of anticipation and speculation, President Donald Trump followed through on his reciprocal tariff threats by declaring on Wednesday a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run

Trump’s higher rates would hit foreign entities that sell more goods to the United States than they buy. But economists don’t share Trump’s enthusiasm for tariffs since they