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 ...

President Trump, an avowed fan of tariffs, imposed 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.

“Punish our enemies, use tariffs as a bargaining chip and use tariffs as a revenue-raising measure to offset the reduction in the income taxes that we want to do,” said Stephen Moore, a senior ...

President Donald Trump is planning to levy new tariffs on Canada, Mexico, and China. Those countries are big international trade partners for many US states. Trump said on Thursday the "massive ...

President Donald Trump's long-anticipated tariffs on goods from China, Canada, and Mexico were made official on Saturday, according to the White House. The Trump administration said it had imposed ...

Energy Ministry differs on proposed electricity tariff reduction from today. The Public Utilities Commission of Sri Lanka (PUCSL) has announced a 20% average reduction in electricity tariffs, ...

He added that Trump’s tariff reduction demands will fall foul of the commitments made by nations to the WTO. Goods imported from the US are subject to the same duties as goods from any country ...

President Trump will enact 25% tariffs on imports from Mexico and Canada starting Feb. 1, as well as a 10% tariff on imports from China, according to White House spokeswoman Karoline Leavitt.

Canada has been hoping to avoid tariffs by doing just that, working with the United States and pledging Wednesday to stand up a “strike force”on fentanyl to hit drug traffickers “harder and ...

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.

WASHINGTON (AP) — Tariffs are in the news at the moment. Here's what they are and what you need to know about them: Tariffs are a tax on imports Tariffs are typically charged as a percentage of ...