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'.
The world over, policymakers and economy analysts are waiting nervously for newly inaugurated US President Donald Trump to announce tariffs against some or many countries. The expectation has been ...
A tariff is a tax on imported goods usually aimed at protecting local jobs and industries from foreign competition. The idea is that if foreign materials and products are more expensive ...
Canadian exports will be slapped with a 25 per cent tariff on Tuesday while the oil and gas tariff is only 10 per cent. Experts say that proves how crucial Alberta oil and gas is.
Oil and gas traders are likely to request tariff exemptions from Beijing, according to a Reuters report. The Chinese government intends to implement these tariffs on US crude and liquefied natural gas ...