A tariff is a tax imposed by a government on imported goods or services. Typically, tariffs serve two purposes: they protect domestic industries from foreign competition and generate government ...

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 ...

Upon being elected president in 2016, Trump sought to address this through tariffs. A special tax on imports, tariffs serve a dual purpose. Aside from raising government revenue, they are intended ...

While Trump has promised to lower inflation, he has also pushed tariffs on imported goods as a way to boost American businesses. The tariffs would be implemented as a tax on imports, but that ...

Sign up for the Marketplace newsletter to get the day’s biggest business stories, our economic analysis, and explainers to help you live smarter, straight to your ...

The president-elect says that tariff is “the most beautiful word in the dictionary.” You may be hearing it a lot. By Ana Swanson Ana Swanson is based in Washington and has covered trade during ...

Whether passed through Congress or enacted with the stroke of a presidential pen, higher tariffs will ultimately fall on American consumers. A new report this week by the National Retail ...

This story was updated to add new information. While campaigning for president, Donald Trump said he would impose a 60% tariff on products from China, America’s leading foreign supplier ...

Sherrod Brown (D), noted President-elect Trump’s promise to have tariffs lifted the U.S. economy. “They’re not going anywhere,” Moreno said Wednesday on Fox News. “We’re going to have ...

WASHINGTON – Former President Donald Trump vowed to immediately impose 25% tariffs on all goods from Mexico as punishment if the country doesn’t help curb the flow of immigration into the U.S ...

Toy manufacturers could be forced to raise prices sharply – as much as 56% – if President-elect Donald Trump’s tariff proposal on foreign made goods is implemented, according to a report ...