In economics, however ... below illustrates the effects of world trade without the presence of a tariff. In the graph, DS means domestic supply and DD means domestic demand.

The US is imposing new levies on countries from which it buys everything from cars to fruit and vegetables. Until now, the ...

President Trump has insisted that his new tariffs on America’s largest trading partners will not increase prices for ...

Donald Trump announced a flurry of executive orders on his first day in office, but for now, at least, he has held off slapping universal tariffs on all imports. Financial markets breathed a sigh of ...

After several years of high inflation, such a risk is now more pronounced. Worse still, tariffs also crimp economic growth by creating “deadweight loss”, as demand is skewed towards domestic ...

Northwestern’s conservative students’ group, Young Americans for Freedom (YAF), hosted economist Arthur Laffer Tuesday ...

Lower-income Americans are likely to feel the brunt of the unprecedented tariffs President Donald Trump has set in motion.

Gold prices regained an all-time high on Tuesday, driven by investors seeking the safe-haven asset after China retaliated ...

President Donald Trump has finally made good on a campaign promise to raise tariffs on Chinese imports – announcing on Saturday duties of 10% on all Chinese goods coming in the country as part of ...