Tariffs are a type of trade barrier that makes imported products more expensive than domestic ones. Tariffs typically come in the form of taxes or duties levied on importers, and they're ...

Erik Isakson / Getty Images Tariffs are taxes on imports that effectively raise the prices of imports, providing an edge to domestic companies in the same markets. Governments usually impose ...

The idea is that if foreign materials and products are more expensive, you’ll buy more domestic goods. Suppose, for example, that the U.S. government levied a new 10% tariff on cars imported ...

The government might impose a tariff to raise revenue or protect domestic interests. Whatever the purpose of the tariff, economists say much of its cost is passed through to domestic producers and ...

They also allow the president to impose tariffs if domestic industries are “seriously injured” by import competition, even if there is no alleged foul play. Many presidents have exercised ...

Tariffs can serve a number of purposes. They may be used "to raise revenue, protect domestic industries, or exert political leverage over another country," said Investopedia. "By making foreign ...

1:30 Trump claims U.S. economy will thrive without Canada: ‘We don’t need them’ Tariffs can also protect a domestic industry from external rivals. If a U.S. business is turned off of getting ...