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'.
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” ...
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.
Mexico’s President Claudia Sheinbaum said she was considering "tariff and non-tariff measures in defense of Mexico's interests." "I'm speaking with Prime Minister Trudeau tomorrow morning and ...