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 ...

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

The beverage giant is ready to manage, mitigate and adjust to the “dynamic macro environment,” including potential tariffs ...

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

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

Existing American tariffs already restrict steel and aluminum shipments from China, which is now flooding other markets with ...

With US tariffs looming, Korea’s steel and aluminum industries face uncertainty amid trade tensions and global competition US ...

Mexican President Claudia Sheinbaum offered to give more details on ‘plan b’ of the country's response to tariffs imposed by ...

The non-implementation of the proposed 50 per cent tariff hike may cripple the telecom sector of the nation’s economy, ...