President Donald Trump has repeatedly threatened to dramatically expand tariffs. It’s a move that could affect trillions of ...

Moments after taking office for the second time, President Donald Trump vowed to "tariff and tax foreign countries to enrich ...

The parallel with the Internal Revenue Service is seen as a signal of the president-elect’s determination to enact sweeping ...

Derived from the Latin term meaning “according to value,” an ad valorem tariff is a tax imposed on goods based on their value ...

Governments use tariffs not only to generate revenue but also to influence trade balances and protect domestic industries by making foreign goods less competitive. In some cases, tariffs can ...

On his first day in office, Trump reiterated his promise to tariff and tax foreign countries, but did not officially impose ...

President Trump wants an External Revenue Service to collect tariffs on imports. One trade expert said the move may be “more branding than substance.” By Ana Swanson Ana Swanson covers ...

President-elect Donald Trump says he'll establish a new federal agency to collect tariffs, duties and all other foreign revenue, seemingly carving out responsibilities that are currently handled by ...

Trump said his new "external revenue service" will go into effect on January 20 to help the US collect more revenue from foreign countries.