"I'm getting asked all the time by folks what this actually means for their tax situation."

“It’s about $750 in tax cuts and $2,000 in tariff increases,” said Jason Furman, a top economist in Barack Obama’s White House, about the effects on the typical household.

U.S. President Donald Trump announced on Wednesday a 50% tariff on copper, saying on social media that it would be effective August 1 and that the decision was made after a national security assessment.

U.S. President Donald Trump announced on Wednesday a 50% tariff on copper, saying on social media that it would be effective August 1 and that the decision was made after a national security assessme...

It still hit like a bombshell, with potential to shake up U.S. efforts to expand, develop and deploy artificial intelligence.