The taxing power belongs to Congress, which didn’t surrender it in the 1977 law he cites.

President Donald Trump suggested Sunday that his sweeping tariffs would help him reduce income taxes for people making less ...

Nearly four weeks into a costly global trade war with no end in sight, Mr. Trump is facing a barrage of lawsuits from state ...

Economists have been skeptical of whether revenue from tariffs could actually offset income tax for Americans, despite ...

Stocks continued their rally early Wednesday as markets attempted a recovery following a battering amid fears that President ...

Trump also has expressed interest in preserving and expanding the tax cuts passed during his first term, many of which are ...

Economic risks are growing as the two sides appear to disagree about whether they are even engaged in tariff negotiations.

The president has fostered the kind of economic and political uncertainty that Republicans used to rail against.

During a press gaggle on Air Force One, President Trump was asked what it would take for him to reduce tariffs on China.

The economic effects of new trade wars could be hard for the United States to dodge even if talks yield new deals soon.

The developments came as China has struck a publicly defiant tone and Trump sowed confusion by claiming that he had spoken ...