One reason governments use tariffs is to protect domestic industries. However, tariffs can have downsides, including reducing the purchasing power of consumers.
President Trump used the threat of tariffs and other measures as a means of impelling Colombia into allowing an airplane carrying recently deported ...
After President Donald Trump announced a set of new tariffs on imports from Canada and Mexico, the two countries shot back with plans for tariffs of their own on imports from the U.S.
California has the fifth-largest economy in the world, and in the U.S., the Golden State is number one in imports with the second-highest ranking when it comes to exports.