One reason governments use tariffs is to protect domestic industries. However, tariffs can have downsides, including reducing the purchasing power of consumers.

Tariffs have dominated headlines since President Donald Trump took office just over two weeks ago, as he threatened steep, ...

A Darden School of Business expert says tariffs threatened against Mexico, Canada and China would likely hike costs for U.S.

The Trump Administration has imposed new tariffs on China, but what is a tariff, and how could they impact prices for local ...

She has conducted in-depth research on social and economic issues and has also revised and edited educational materials for the Greater Richmond area ... domestic goods instead. Tariffs are ...

Donald Trump announced tariffs on imports from Mexico, Canada and China, but has paused two of them while the other issued ...

Trump discussed the tariffs in a series of posts on his social media platform, Truth Social. One update announced the official orders of the tariffs, stating that the decision was made to “protect” ...

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 ...

President Donald Trump has said that he will delay tariffs on Mexican imports for at least a month as the country south of ...

Trump's tariffs on Canada and Mexico could have a broad economic impact. In 2023, Canada supplied 52 percent of U.S. petroleum imports, while Mexico provided another 11 percent. Trump has hinted that ...

While Trump has said that foreigners pay these taxes, the tariffs would be paid by the individuals and companies bringing in the goods — which means this would be a domestic tax increase.

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