Because American businesses are on the hook for paying the tariffs on imports, they historically have passed on some or all of those costs to consumers. At the same time, tariff proponents like Mr ...

The Trump administration announced on Saturday that it is imposing tariffs through its new International Emergency Economic Powers Act (IEEPA). President Donald Trump signed an executive order ...

The Biden administration will block imports from more than three dozen Chinese companies over their alleged links to forced labor in the country’s Xinjiang region, its largest-ever expansion of ...

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.

President Donald Trump announced he is planning a 10% tariff on Chinese imports on Feb. 1 over the country’s role in fentanyl trafficking. "We're talking about a tariff of 10% on China ...

Refiners are awaiting clarity and preparing for U.S. President Donald Trump's threatened tariffs on crude imports from Canada and Mexico. Trump said on Friday that he would lower threatened ...

The practice is called front-loading. The December surge in those types of imports “suggests there is front-loading going on,” Palesch said. The strategy can be effective if it buys ...

US Bans Imports From 37 China Firms Over Forced Labor Charge Pressure mounts to pull away from Xinjiang-made products Zijin Mining, JA Solar arm, Huafu Fashion are added to list ...

As a protectionist tool, a tariff increases the prices of imports. Due to that, consumers may choose to buy other, relatively less expensive domestic goods instead. Tariffs are duties on imports ...

2024 crude oil imports 11.04 mln bpd, down 1.9% vs 2023 Crude oil demand drops amid plant closures, electrification 2024 refined fuel product exports down 7.2% vs 2023 2024 natgas imports hit new ...

NEW YORK (Reuters) -U.S. crude oil imports from Canada rose last week to the highest on record, data from the U.S. Energy Information Administration (EIA) showed on Wednesday, ahead of incoming U ...