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

If all of President Donald Trump's tariffs are implemented, it could create a trade war with back-and-forth retaliatory tariffs, which might raise consumer costs and unemployment rates.

The President has issued three executive orders that impose universal tariffs on Mexico, Canada, and China, deploying IEEPA in a sweeping manner ...

Clearly, the tools of global trade policy are back in the hands of the master of "The Art of the Deal," but what’s less clear ...

Yet as a source of revenue relative to the size of today's global economy, income from tariffs is "modest", said the Council ...

The definition of a tariff is fairly straightforward — it’s a tax on goods coming from another country. They are typically structured as a percentage of the value of the import and can vary based on ...

In separate negotiations, Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum have agreed with U.S ...

On the presidential campaign trail last fall, Donald Trump described tariff as the "most beautiful word in the dictionary" ...

Two weeks into his second term, President Donald Trump has launched the United States into a new trade war. He announced ...

In today’s global marketplace, understanding tariffs is essential for merchants and aspiring entrepreneurs alike. A tariff is ...

Tariffs are a central part of Trump's economic vision - he sees them as a way of growing the US economy, protecting jobs and raising tax revenue. During his election campaign, he told voters that ...

There is no agreed definition of economic coercion under international law; like pornography, we know it when we see it.