ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money, more tariffs edition. |
Car prices saw a dramatic upswing in the aftermath of the pandemic, Bailey Schulz reports. Now, experts are warning consumers to prepare for additional price hikes spurred by a new tariff on auto imports. |
Meanwhile, President Trump said he would consider lowering tariff rates on China to get Beijing behind a sale of the U.S. operations of TikTok and avert a ban on the popular app. |
A TikTok ban in the U.S. is set to go into effect April 5 if its Chinese owner, ByteDance, does not cede control to an American company. Here's how the deal might work. |
Will the IRS notice tax errors in 2025? |
In other news: Some taxpayers say they are not particularly worried about making mistakes on their taxes this year, given the widely publicized cuts at the IRS and the broader impression of a federal workforce in disarray. |
In an ordinary year, few taxpayers would contemplate reckless disregard for the data on a tax return. Make mistakes, and you risk an audit. This year, however, a new president has brought tumult to the taxing agency. |
📰 More stories you shouldn't miss 📰 |
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | | | President Donald Trump on Wednesday announced a 25% tariff on imported cars and key auto parts. Here's what it means for new and used car prices. | | | | President Trump said he would consider lowering tariff rates on China to close a deal with Beijing and ByteDance and avert a TikTok ban. | | | | In a new survey, some taxpayers said they're not too worried about making "mistakes" on their taxes in 2025. | | | | Kleenex and Ghirardelli Chocolate are among the 500 brands that Americans trust the most, according to new research from USA TODAY and Plant-A. | | | | Learn how to save money on groceries and reduce food waste with these seven simple tips. | | | | With the scent of recession suddenly in the air, the stock market has been sliding. Should you touch your 401(k) plan or other retirement money? | | | | The EV tax credit saw a major revamp in 2024, which enabled some buyers to benefit at the point of sale. But some tax headaches are hitting now. | | | | The Alliance For Automotive Innovation wants quicker approval for vehicles without pedals or steering wheels, wants NHTSA to be sole regulator. | | | | The Social Security Administration overpays billions in benefits each year. The agency is stepping up efforts to recoup the funds beginning this week. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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