Gold soared in 2025, both on the export and import side. Cars were among the worst performers. No commodities better expressed the impact of President Trump’s tariffs.

If you bought a nice, imported bottle of wine recently, there’s a better than 90% chance it entered the United States only after the importer paid a tariff, probably about 15%. That six-pack of ...

Tariffs were supposed to be the rare policy that tackled two problems at once, slowing imports while throwing off enough cash to help tame the federal debt. Instead, the latest customs figures show ...