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EXCLUSIVE: U.S. Customs and Border Protection has busted up a duty-evasion ring attempting to evade President Trump’s tariffs, FOX Business exclusively reports. The CBP uncovered over $400 million in unpaid trade duties through investigations permitted under the Enforce and Protect Act (EAPA), a tactic used to police and stop illegal transshipments and other methods aimed at defrauding the U.S. government. That figure is expected to rise as the investigation deepens. "CBP’s EAPA program […]

FIRST ON FOX: A House Republican wants to give President Donald Trump an easier pathway to firing Federal Reserve Chair Jerome Powell.Trump has previously threatened to fire Powell for not lowering interest rates and has gone so far as to draft a letter giving him the boot. Despite his frustration, the president has changed course and said he would allow Powell to finish his term that expires next May. Still, he's […]

The Boar’s Head meat packaging plant in Virginia that was tied to a deadly listeria outbreak is going to reopen this year. Boar’s Head told FOX Business that it's been working with the U.S. Department of Agriculture (USDA) to develop "a plan to re-open our Jarratt facility in a measured, deliberate way in the coming months." The company said it "has an unwavering commitment to food safety and quality," which the company […]

When President Donald Trump and Russian President Vladimir Putin meet today in Anchorage, it will be the most closely watched U.S.–Russia encounter in years. But this summit is not a sudden breakthrough. It is the end point of a summer-long series of deliberate moves—some public, some behind closed doors—that pushed both men from a wary distance into the same room.Back in February, neither side was preparing for a handshake. Russia […]