Explain tariffs to me: What are they? How do they work?

A tariff is a tax imposed on imported goods and services. Here's what to know about them, why they're used, and what economists say.

Trump's tariffs on Mexico and Canada planned for Tuesday; China tariffs to double

President Donald Trump's 25% tariffs on Mexico and Canada are expected to go into effect on March 4, as critics warn it will drastically raise prices in the U.S.

Did no-tax-on-overtime pass? What to know after House adopts budget resolution

The framework that passed on Tuesday is only a budget resolution to set overall targets for the future and does not change tax law. Here's what's next.

Elon Musk email to federal employees targeted in lawsuit

Here's the latest on the email fiasco that developed over the weekend involving Elon Musk and hundreds of thousands of federal employees.

Fired federal employees search for work but struggle to replace their old jobs

President Donald Trump and Elon Musk have presided over thousands of federal job cuts impacting most of the nation. Now, former government workers are looking for new jobs.

Starbucks laying off more than 1,000 corporate employees

The move comes as dozens of other private companies have announced layoffs so far in 2025, in addition to thousands of positions being affected within the federal government.

Live updates: Trump hosts India's PM after increasing US tariffs

President Trump signed another executive order increasing U.S. tariffs before hosting India's prime minister at the White House.

ConEd proposes double-digit rate hike: What this means for New Yorkers

Con Edison is proposing double-digit rate hikes that could go into effect next year, but Gov. Kathy Hochul has asked the state to reject this proposal, citing an affordability crisis.

US economy added 143,000 jobs in January, below expectations

The U.S. economy added jobs at a slower pace than expected in January, as the Federal Reserve remains in a holding pattern for interest rate cuts as it evaluates the labor market and inflation data.

How tariffs on Chinese imports are impacting the local economy

Chinese-made products coming to the U.S. such as cellphones, TVs, and computers are now facing a 10% tariff. However, if you are looking to buy any of these items, you still have some time before prices go up.

China responds to President Trump's tariffs: Here's the list

China has announced retaliatory tariffs on select American imports and an antitrust investigation into Google.

Tariffs could cause 'some pain' for Americans, Trump says

President Donald Trump insists tariffs on our closest neighbors are needed to “protect Americans," but he conceded Sunday that they might also cause “some pain."

Trump tariffs latest: China to file lawsuit for 'wrongful practices of US'

Trump argues the tariffs are necessary to “protect Americans” and to curb the export of fentanyl. But for our North American neighbors, the move sparked an undeniable sense of betrayal.