A hearing before the U. S. Congress Joint Economic Committee will be held on Wednesday, December 18, 2024, at 2:30 p.m. EST, in Room 210 Cannon House Office Building. Representative Don Beyer Jr. presiding| www.jec.senate.gov
The authors find a swath of firms suffering valuation losses on tariff-announcement days and a link between those losses and the firms' future performance.| Liberty Street Economics
A tariff is a tax imposed by one country on goods or services imported from another country. Tariffs are trade barriers that raise prices and reduce available quantities of goods and services for U.S. businesses and consumers.| Tax Foundation
A sales tax is levied on retail sales of goods and services and, ideally, should apply to all final consumption with few exemptions.| Tax Foundation
When the government imposes a tariff, it may be trading jobs and production in one part of the economy for jobs in another part of the economy by increasing production costs for downstream industries.| Tax Foundation
A tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.| Tax Foundation
