Craig Torres

2 weeks ago | news.bloomberglaw.com | Josh Wingrove |Saleha Mohsin |Annmarie Hordern |Craig Torres

President Donald Trump’s steeper-than-expected tariffs have traumatized financial markets and triggered recession fears all over the world. His White House weighed the option of going even bigger. Trade adviser Peter Navarro urged the president to implement either an across-the-board 25% tax on imports or a so-called “reciprocal” formula based on trade deficits, people familiar with the matter said.

2 weeks ago | thinkadvisor.com | Craig Torres |Amara Omeokwe

Immediate Answers to Critical Tax Questions At Your Fingertips Keep up with the latest tax rules and regulations with weekly, exclusive updates by our Tax Facts experts. Get More Information Recently Added Q&As How are business expenses reported for income tax purposes? Get Answer What is a charitable IRA rollover or qualified charitable distribution? Get Answer What are the tax benefits that can be realized by providing employee benefits through a cafeteria plan?