Thomas Kika

14 hours ago | cnet.com | Thomas Kika

IRS Direct File has been in the crosshairs of the second Trump administration for the past few months, but the latest details of the GOP's budget proposal have made its potential demise a lot more concrete. Direct File is an online program offered by the IRS that lets you file your income tax returns directly to the agency for free, instead of paying for an accountant or paid tax service like H&R Block or online tax software.

17 hours ago | cnet.com | Thomas Kika

The Trump administration eased up somewhat on its tariffs against China this week, dropping the overall rates from 145% to 30% for 90 days -- till Aug. 10 -- while deeper trade negotiations continue. While these moves will go some way to averting an economic war, the rates against China are still historically high and reports continue to emerge suggesting price hikes for everything from cars to PlayStations.

19 hours ago | cnet.com | Thomas Kika

Donald Trump's second term economic plan can be summed up in one word: tariffs. When his barrage of these import taxes went into overdrive a month ago, markets trembled and business leaders sounded alarms about the economic damage they would cause. While the administration's recent moves to deescalate tensions with China have given hope to some, prices in key sectors are still on the rise.

1 day ago | cnet.com | Thomas Kika

President Donald Trump this week signed an executive order cutting the "de minimis" tariff rate on purchases from China, a move many consumers might feel the impact of when using shopping apps like Temu or Shein, or even the new kind on the Chinese e-commerce block: DHgate. On April 16, the Chinese shopping service DHgate boasted the second-most downloaded free app on Apple's App Store, behind only OpenAI's ChatGPT.

1 day ago | cnet.com | Thomas Kika

Donald Trump's second term economic plan can be summed up in one word: tariffs. When his barrage of these import taxes went into overdrive a month ago, markets trembled and business leaders sounded alarms about the economic damage they would cause. Now, moves from the administration have eased some of the pressure on imports from China, but the situation remains precarious and potential consequences dire for everyday consumers.