President Trump is an avowed supporter of tariffs, but many experts say such trade measures can boost inflation.
Subscribe to the Daily News Brief. Countries around the world have long used tariffs, a tax on imports, to prop up homegrown industries by inducing citizens to buy goods produced domestically.
From 10 February, China will charge a 15% border tax on imports of US coal and liquefied natural gas products. There is also ...
Yinwei Liu / Getty Images A tariff is a type of tax levied by a country on an imported good at the border. Historically, tariffs have been used by governments to collect additional revenue.
Tariffs are a tax imposed on goods that the U.S. imports from other nations. President Donald Trump said the U.S. would impose sweeping tariffs on imports from Mexico, Canada and China ...
President Donald Trump’s tariff plan could take effect as early as this week, which means you could soon pay more for cars, ...
One reason governments use tariffs is to protect domestic industries. However, tariffs can have downsides, including reducing the purchasing power of consumers.
The 10% additional tariff on imported Chinese goods came into force at 12:01 a.m., hours after the leaders of Mexico and ...