News

For today’s Good Question, David asks: Who pays the tariff on what is bought from other countries? Who gets the tariff money?
They are typically charged as a percentage of the price a buyer pays a foreign seller. In the United States, tariffs are collected by Customs and Border Protection agents at 328 ports of entry ...
Tariff collections are up sharply in the last 2 months. Congressional forecasters say tariffs could help reduce the federal ...
The importing company — not the foreign government — pays the tariff to the government ... the importer would pay $25 in tariffs. As with any other tax, it increases the price of the product ...
An interim trade deal between the U.S. and China will keep high tariffs in place between the two countries, President Donald Trump said Wednesday on social media.
Tariffs — despite offering a short-term fix — are a well-funded but brittle solution. They constrain evolution, slow competitiveness, and shift costs onto American shoulders.