Understanding who will end up paying for the higher costs means understanding how manufacturing, trade and supply chains function — and how costs build along each step of the complex process. Take ...

The value of goods imported to the United States in Fiscal Year 2024 was $893.15 billion, and as a result, U.S. Customs and Border Protection ...

Tariffs have dominated headlines since President Donald Trump took office just over two weeks ago, as he threatened steep, sweeping tariffs on goods the United States imports from its three largest ...

The United States uses a two-column tariff schedule because the United States have lower tariffs for countries to which they grant most-favored-nation treatment. Some British Commonwealth ...

Trump has long proposed raising tariffs—or taxes on imported goods that the businesses importing them pay the U.S. government ...

Agricultural products: Many countries impose ad valorem tariffs on imported agricultural goods, such as fruits, vegetables, and dairy products. For example, a 15% tariff on imported cheese valued ...

However, a 10% tariff on all goods coming to the US from China took effect at 12:01 a.m. ET on Tuesday. China immediately retaliated with tariffs on some energy and metals imports. The definition ...

Derived from the Latin term meaning “according to value,” an ad valorem tariff is a tax imposed on goods based on their value rather than their quantity or weight. This type of tariff is ...