U.S. Treasury Secretary Janet Yellen said former President Donald Trump’s plan to replace federal income taxes with tariffs would “make life unaffordable” on Sunday morning. “It would ...

Treasury Secretary Janet Yellen criticized former President Trump after he suggested replacing some of the United States’s income taxes with higher tariffs on imports to make up for lost revenue.

Treasury Secretary Janet Yellen criticized former President Donald Trump after he floated replacing at least parts of U.S. income taxes with higher tariffs on imported goods. Trump outlined the ...

Treasury Secretary Janet Yellen strongly disagreed with former President Donald Trump’s idea to reduce federal income taxes and replace them with increased tariffs to compensate for the lost ...

Yellen counters Trump's tariff plan as a threat to the working class and businesses. Trump's income tax replacement idea faces bipartisan skepticism over its potential economic impact. Get ahead ...

The outlook for the economy got cloudier Tuesday after Trump sent mixed signals about an Aug. 1 deadline for his long-delayed ...

Trump's idea to replace the US income tax with tariffs notched criticism from two Treasury secretaries. "This is a prescription for the mother of all stagflations," Larry Summers told Bloomberg TV ...

Economists have long disliked tariffs and can point to research showing they harm the countries that impose them, including the workers and consumers in those economies.

Treasury Secretary Janet Yellen is expected to warn that installing steep tariffs, like those proposed by former President Donald Trump, would be “deeply misguided” for consumers and corporations.

Treasury Secretary Janet Yellen will call out plans to vastly increase the scale of U.S. tariffs in a Thursday speech to the Council on Foreign Relations, taking a thinly veiled shot at former ...

Republican presidential candidate Donald Trump’s suggestion that the US drop the federal income tax in favor of tariffs “would be regressive [and] harm economic growth,” the Peterson ...