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 ...

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 ...

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

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

Tariffs can only go so far. There is only so high one can lift them before they begin to stifle economic activity, making goods so expensive to import that domestic consumers face harm.

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 ...