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.

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.

Her expertise is in personal finance and investing, and real estate. Tariffs are a type of trade barrier that makes imported products more expensive than domestic ones. Tariffs typically come in ...

The US president confirmed goods from Mexico and Canada will face 25% tariffs, while 10% taxes will be implemented on imports ...

The authorities could allow the country’s currency, the peso, to weaken against the dollar, effectively making its exports ...

Tariff retaliation: Mexico and Canada immediately vowed to impose tariffs of their own. The Canadian prime minister, Justin ...