WASHINGTON — When a government levies a tariff on imported goods, the question of who ultimately foots the bill has long sparked intense debate among economists, policymakers, and business leaders. While legally collected from the domestic importer of record, economic theory suggests that the financial burden can be divided between domestic buyers and foreign exporters….
WASHINGTON — As annual federal budget deficits rapidly approach the $2-trillion-per-year mark, lawmakers from both sides of the aisle are increasingly eyeing the federal tax code to generate essential revenue, stabilize the national debt, and fund core government programs. Amid this fiscal pressure, the Tax Foundation has released a comprehensive new resource, Options for Reforming…
By Tax Foundation Analysis Desk The debate over who ultimately bears the financial burden of international trade barriers has long divided economists, policymakers, and business leaders. Conventional economic modeling has frequently suggested that when the United States imposes tariffs on foreign goods, the domestic economy pays the overwhelming price—often calculated as a near-complete pass-through to…
As the United States, Mexico, and Canada approach the pivotal July 2026 deadline for the first formal review of the United States-Mexico-Canada Agreement (USMCA), the North American economic landscape finds itself at a precarious juncture. Policymakers are now forced to confront a binary reality: preserve the stability of the current trilateral framework or descend into…
In a landmark development for the integration of traditional finance and digital assets, Morgan Stanley has officially launched spot cryptocurrency trading on its E*TRADE platform. This strategic move allows eligible retail investors to buy, sell, and hold Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) directly through their brokerage accounts, marking a significant milestone in the…
By PYMNTS | July 10, 2026 In a move that has sent shockwaves through the technology sector, Apple Inc. has initiated a blockbuster lawsuit against OpenAI, alleging a systematic campaign of corporate espionage and trade secret misappropriation. The complaint, filed in federal court on Friday, July 10, 2026, accuses the artificial intelligence giant of poaching…
For millions of Americans, the monthly notification from a student loan servicer serves as a stark reminder of the financial burden of higher education. Advertisements across social media and search engines often promise a simple, lucrative solution: “Refinance your federal student loans today and save thousands in interest payments.” While the prospect of a lower…
In a dramatic escalation of the battle for dominance in the artificial intelligence and consumer electronics space, Apple has officially filed a lawsuit against OpenAI and two of its own former high-ranking employees. The legal action, lodged in the U.S. District Court for the Northern District of California, accuses the ChatGPT maker of orchestrating a…
As the calendar turns toward July 1, 2026, the architects of North American commerce are facing a high-stakes deadline that could fundamentally alter the economic trajectory of the United States, Canada, and Mexico. This date marks the inaugural "sunset review" of the United States-Mexico-Canada Agreement (USMCA), the landmark pact that replaced the North American Free…
By PYMNTS June 26, 2026 In a major escalation of international trade tensions, President Donald Trump announced on Friday, June 26, 2026, a hardline policy shift regarding the taxation of American technology firms abroad. Through a statement released via Truth Social, the President declared that the United States would impose a 100% tariff on all…
