President Donald Trump has made tariffs an important part of his foreign policy. But how do they work? And how could they impact your wallet? Vote to overhaul FEMA canceled after leaked report Micky ...

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 ...