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S&P Global estimates Trump’s tariffs will cost global firms $1.2 trillion in 2025, with about two-thirds of the burden falling on consumers. The report warns tariffs act as taxes on supply chains and may pressure growth and margins.
A pair of whistleblowers who worked for the IRS's Criminal Investigation unit have reached a settlement with the IRS and the Department of Justice over claims they faced retaliation for complaining about the IRS and DOJ's treatment of Hunter Biden's tax charges.