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. |
President Donald Trump has high aspirations for his tariffs, going so far as to suggest increased taxes on imports could replace income taxes. |
"There's a real chance," he told Fox Noticias on April 15. "There is a chance that the money from tariffs could be so great that it would replace (the income tax)." |
Shein, Temu to raise prices |
Chinese e-commerce sites Shein and Temu will soon raise prices due to recent tariff increases. |
Both companies issued notices announcing the price increases, which will take effect April 25. Click here for details. |
A coming crisis in jobless benefits? |
During the COVID-19 recession, 22 million laid-off workers sought unemployment benefits, sparking chaos in the payment system and compounding the financial woes of jobless Americans. |
Five years later, with many forecasters predicting another downturn, a far less burdened benefits system remains plagued by myriad problems that could hamper payments to Americans who lose their jobs. |
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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 says "there's a real chance" tariff revenue can replace the income tax. Economists say a full replacement isn't likely. | | Both companies announced price increases, which will take effect April 25. China and the U.S. have imposed 125% tariffs on imports. | | | | Unemployment insurance is still plagued by barriers, delays 5 years after the COVID recession caused chaos and just as another slump threatens | | | | The White House used 30,000 real eggs for the Easter egg roll on the South Lawn. Will that affect egg supply or prices? | | | | Financial experts say people generally overestimate their earnings and underestimate their spending. | | | | With a few crafty steps, you can write an effective recommendation that will reflect well on both you and the person you're supporting. | | | | Making a home office doesn't have to mean you lose your guest room: Interior designers have tips for creating a room that serves the dual purpose. | | | | When the market is down, perhaps the best thing investors can do is to protect the downside. | | | | It's hard to predict what President Trump's tariff policies will be next week. We asked experts where they'll stand in 2028. | | | | 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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