Economy News

Small packages lose their tariff exemption

A rule that let low-value imports skip duties for a century is gone, and postal carriers are still adjusting to the paperwork.

How a product gets added to steel tariffs

Steel tariffs sit at 50 percent a year on

Section 232 steel and aluminum duties doubled to 50 percent in June 2025 and still cover imports that fed auto plants, appliances, and construction.

Tariff prices arrive slowly, then leave

The consumer-price mechanics of tariffs are a level shift, not permanent inflation — and the exit is as gradual as the entry.

Tariff revenue shrank the legal way

After the Supreme Court voided the IEEPA tariffs, the collections stopped and the refund question opened — a rare case of revenue falling by court order.