When a tariff or other price-increasing policy is put in place, the effect is to increase prices and limit the volume of imports. In the figure below, price increases from the non-tariff P* to P'.

Trump discussed the tariffs in a series of posts on his social media platform, Truth Social. One update announced the official orders of the tariffs, stating that the decision was made to “protect” ...

The U.S. has announced tariffs on Canada, China and Mexico. But you need to understand what they are, to prepare for what ...

As the tariff threat continues, Western Mass News is spotlighting what this means for drivers out there: how tariffs will ...

Starting Tuesday, nearly all imports from Canada and Mexico will be charged a 25% tariff, while goods from China will be ...

President Donald Trump's plan to impose tariffs on three of the nation's biggest trading partners Saturday could have ...

The idea that tariffs are always and everywhere passed on to consumers is a fallacy, by both economic theory and the record of history.

Trump accuses the US's main trading partners of not addressing concerns over illegal drugs and migration - his main election ...

The president went on to promise that he would implement a 25 percent tariff on goods imported from Canada and Mexico starting on February 1. Those tariffs briefly went into effect, and the stock ...

Mexican President Claudia Sheinbaum offered to give more details on ‘plan b’ of the country's response to tariffs imposed by ...

Uncertainty surrounds the trade war touched off by Trump’s tariffs. But some of the basics are taking shape.

Several premiers are decrying U.S. President Donald Trump’s decision to impose punishing tariffs on virtually all Canadian ...