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'.

Jamieson Greer, President Donald Trump's nominee for U.S. trade representative, said on Thursday that a universal tariff ...

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

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” ...

“So if we have a good from Canada or Mexico that we absolutely need, and we cannot substitute for, those businesses are going to be able to pass those tariff costs straight on through to consumer ...

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

Tariff retaliation: Mexico and Canada immediately vowed to impose tariffs of their own. The Canadian prime minister, Justin ...

On Saturday, Trump signed an executive order imposing 25% tariffs on Mexico and Canada and a 10% hit on China. By midday ...

U.S. Treasury Secretary Scott Bessent emphasized that President Donald Trumps tariff plans are designed to bring ...

Trump's approach, however, is "very overt and transactional," he explained. Trump has threatened to put tariffs ... Colombian ...

Trudeau added that, along with provinces and territories, the Canadian government was considering "non-tariff measures," including "some relating to critical minerals, energy procurement and other ...

The United States' proposed 25% tariff on Mexican exports will be postponed for one month thanks to a deal between Sheinbaum ...