President Trump is seeking to raise federal revenue by imposing levies on goods from foreign nations. Here’s how the process ...

Revenue from tariffs hit a record high of more than $16 billion in April, helping to reduce the pace of the U.S. budget deficit accumulation, the Treasury Department said on Monday.

Both men saw tariffs as a source of income for the U.S. and both became enamored of high protective tariffs in their 30s. For McKinley, it happened at age 34, upon entering Congress on advice from ...

“The essence of capitalism’s foreign policy,” wrote Rand in 1964, “is free trade — i.e., the abolition of trade barriers, of protective tariffs, of special privileges — the opening of ...

Starting in April 2025, the Trump administration rolled out a slew of steep protective tariffs on nearly all goods imported to the United States, including tea, which carried its highest tariff ...

Under the new U.S. deal with Vietnam, for example, Mr. Trump said the country's imports would be subject to levies of 20%, plus a 40% tariff on goods that pass through Vietnam from other countries.