Explore: Tariffs

retaliatory tariffs. Import tariffs can also harm domestic exporters by disrupting their supply chains and raising their input costs. The English term tariff derives

series of steep tariffs affecting nearly all goods imported into the country. From January to April 2025, the average applied US tariff rate rose from

had overstepped his authority in imposing tariffs under the IEEPA and ordered that the "Liberation Day" tariffs be vacated. The United States Court of Appeals

imposing near-universal tariffs on goods from the two countries entering the United States. The order called for 25 percent tariffs on all imports from Mexico

U.S. trade policy is that low tariffs harmed American manufacturers in the early 19th century and then that high tariffs made the United States into a

the likelihood of tariff exemptions. President Trump's successor, President Biden, kept most of the tariffs in place, dropping tariffs on European steel

outright that the high tariffs caused such growth." One study by the economic historian Brian Varian found no correlation between tariffs and growth among the

employment and manufacturing, the tariffs instead deepened the Depression because the U.S.'s trading partners retaliated with tariffs of their own, leading to

raised the tariffs on China by another 34%, after accusing China of tariff and non-tariff trade barriers of 67% as part of his reciprocal tariffs policy,

eliminating trade barriers such as tariffs or quotas. According to its preamble, its purpose was the "substantial reduction of tariffs and other trade barriers