The change in the average U.S. tariff rate in 2025 was the largest in the modern era. One way to assess the effects of such a ...

President Donald Trump introduced numerous tariffs on U.S. trade partners in 2025, promising the economy would benefit from ...

The United States announced new, higher tariff rates this year. Tariffs can affect supply chains, investment, and firms’ input costs, resulting in supply-side effects such as higher inflation and ...

What impact do tariffs have on the economy, really? According to experts from the Federal Reserve Bank of San Francisco, the answer is more nuanced than their proponents-and detractors-would have ...