Tariffs have dominated headlines since President Donald Trump took office just over two weeks ago, as he threatened steep, ...

How much do you pay for gasoline? Guacamole? Flowers? Prices on those products and more could go up soon as this weekend if President Donald Trump's threatened tariffs on China, Canada, Mexico and ...

A tariff is a tax on imported goods usually aimed at protecting local jobs and industries from foreign competition. The idea is that if foreign materials and products are more expensive ...

Derived from the Latin term meaning “according to value,” an ad valorem tariff is a tax imposed on goods based on their value rather than their quantity or weight. This type of tariff is commonly used ...

However, a 10% tariff on all goods coming to the US from China took effect at 12:01 a.m. ET on Tuesday. China immediately retaliated with tariffs on some energy and metals imports. The definition ...

Derived from the Latin term meaning “according to value,” an ad valorem tariff is a tax imposed on goods based on their value rather than their quantity or weight. This type of tariff is ...

Agricultural products: Many countries impose ad valorem tariffs on imported agricultural goods, such as fruits, vegetables, and dairy products. For example, a 15% tariff on imported cheese valued ...