Steel and aluminum are heavily used in the automotive and construction industry, but are also used to manufacture goods and ...

Trump also says he is using tariffs to "combat the scourge of fentanyl", a powerful drug that causes tens of thousands of overdose deaths in the US each year. His administration says chemicals used to ...

President Donald Trump plans to on Monday formally announce 25% tariffs on steel and aluminum imports as part of an ...

President Trump says he'll announce the U.S. will impose 25% tariffs on all steel and aluminum imports, including from Canada ...

President Donald Trump’s sweeping tariff threats have been touch and go. As it stands currently, the 25 percent tax on goods ...

Subscribe to the Daily News Brief. Countries around the world have long used tariffs, a tax on imports, to prop up homegrown industries by inducing citizens to buy goods produced domestically.

But there’s a method behind Trump’s tariff plan. Trump has used and promised to expand tariffs for three primary purposes: to raise revenue, to bring trade into balance and to bring rival countries to ...

A tariff is a tax on imported goods usually aimed at protecting local jobs and industries from foreign competition. The idea is that if foreign materials and products are more expensive ...

Erik Isakson / Getty Images Tariffs are taxes on imports that effectively raise the prices of imports, providing an edge to domestic companies in the same markets. Governments usually impose ...

Tariffs typically come in the form of taxes or duties levied on importers, and they're eventually passed on to consumers. They're commonly used in international trade as a protectionist measure.

President Trump’s comments are the latest example of his willingness to threaten, and in some cases to impose, import taxes.