A tariff is a tax on imported goods usually aimed at protecting local jobs and industries from foreign competition. The idea is that if foreign materials and products are more expensive ...
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.
President Trump, an avowed fan of tariffs, authorized a wave of new import duties Saturday on America's three closest trading partners — Mexico, Canada and China. Although tariffs are a bane to ...
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.
President Donald Trump signed an executive order Saturday imposing a 25% tariff on imports from Mexico and Canada and 10% on imported Chinese goods, according to multiple reports, reflecting his ...
Corporate America awaits the aftershocks of Trump the Tariff Man. The Trump administration said on Friday it would implement 25% tariffs on Mexico and Canada starting today and 10% on China ...
Many presidents use tariffs to force negotiations. But for President Trump, they are the point, a source of revenue as he pursues a Gilded Age vision. By David E. Sanger David E. Sanger has ...
Canada and Mexico have hit straight back at President Donald Trump's latest tariffs, vowing to impose retaliatory levies on the US. Canadian Prime Minister Justin Trudeau announced Saturday that ...
President Donald Trump's plan to impose tariffs on three of the nation's biggest trading partners Saturday could have sweeping impact across the world, and raise prices for American consumers.
President Donald Trump announced extraordinary new tariffs on Mexico, Canada and China — signing the long-promised economic policy at his Mar-a-Lago club on Saturday. The Trump administration ...
WASHINGTON – President Donald Trump faces a choice ahead of a Feb. 1 target date for his tariffs to begin kicking in: revenue or revenge? He campaigned on a blanket tariff that would generate ...