While campaigning for a second term in office, President Donald Trump declared “tariff” to be his “favorite word” and “the most beautiful word in the dictionary.” He regularly said he would use ...

How tariffs work A tariff is a customs duty, or tax, levied on goods and services that are imported or exported. In the past, tariffs were used by countries primarily as a way to bring in revenue for ...

CHICAGO (Reuters) - With U.S. President Donald Trump's announcement on Thursday of tariffs on another $300 billion (£247.3 billion) of Chinese imports, nearly all goods from China will be subject to ...