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

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 ...

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

President-elect Trump plans to create an External Revenue Service that would collect tariffs from U.S. importers, with economists arguing the proposed agency's name obscures who pays.

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 ...

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 ...

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