Cost of goods sold, or COGS, is the total cost a business has paid out of pocket to sell a product or service. It represents the amount that the business must recover when selling an item to break ...

$2,000 Beginning inventory + $2,000 purchases - $2,000 ending inventory = $2,000 cost of goods sold If the ending inventory is stated too high, for example, $2,500, the calculation changes: ...

President Trump signed an executive order Wednesday closing a trade loophole on cheap goods from China that were previously exempt from tariffs. Trump, 78, argued that the so-called “de minimus ...

Goods that come into the United States from China via private carriers like DHL or FedEx will be subject to tariffs of at least 145 percent — for example, adding $14.50 of duties to a $10 T-shirt.

Independent vendors who sell on sites like Etsy and eBay are trying to blunt the pain from tariffs on low-cost Chinese-made goods. A factory in Dongguan, China. American and Canadian vendors who ...