Governments use tariffs to protect domestic industries, generate revenue, and sometimes as a bargaining chip in trade negotiations.

"Liberation Day" tariffs, like those before them, will not hurt foreign governments, but harm American consumers and businesses across the nation.

The massive new levies are not primarily punitive in nature, but could be perilous if they fail to achieve their goal Read ...

India is treating the US’s steep reciprocal tariffs not just as a challenge, but as a strategic opening—revamping its ...

It depends on how much of the cost increase Nike decides to pass on to customers, if any, and how long they think the tariffs ...

Consumers who were considering big purchases told The Associated Press that they hurried in recent days to lease cars and buy ...