Latest Lael Brainard News

Biden administration to tax foreign-made steel and aluminum imports routed through Mexico

Jul. 10, 2024 09:03 AM EDT

WASHINGTON (AP) — The Biden administration is imposing tariffs on steel and aluminum shipped from Mexico that were made elsewhere — an attempt to stop China from avoiding import taxes by routing goods through one of the United States' closest trading partners. Lael Brainard,...

Trump is proposing to make tips tax-free. What would that mean for workers?

Jun. 21, 2024 00:16 AM EDT

WASHINGTON (AP) — Former President Donald Trump's new proposal to exclude tips from federal taxes is getting strong reviews from some Republican lawmakers, though major questions remain about the impact of the policy and how it would work. What's certain is that a change in the...