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 ...

Trump has long proposed raising tariffs—or taxes on imported goods that the businesses importing them pay the U.S. government ...

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 ...

Tariffs are taxes imposed on imported goods that are paid by the importer. The purpose of a tariff is to raise the price of imported goods and encourage domestic production. WASHINGTON - President ...