Yet international trade can be a contentious political issue, both domestically and between governments. When a firm or an individual buys a good or a service produced more cheaply abroad, living ...

Gain a basic understanding of a government-sanctioned import tariff, what it is meant to accomplish and the common reasons for implementation.

US President Donald Trump's use of tariffs as a blunt weapon to extract concessions on everything from commerce to ...

They're commonly used in international trade as a protectionist measure ... Here are five of the top reasons tariffs are used. The levying of tariffs is often highly politicized.

The world's two biggest economies are on the brink of an economically destructive trade war. Here's what experts think could ...

After announcing steep tariffs on Mexico and Canada, President Donald Trump has put them on pause for one month after ...