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How do tariffs work?

Tariffs are taxes a government puts on goods and services that come from other countries. You can think of a tariff as an extra fee added at the border, which makes imported products more expensive.
Businesses will soon be able to apply for refunds to some of the tariffs they have paid through a new portal set to launch next week. The online portal, called Consolidated Administration and ...
Businesses are getting billions back. You probably aren't. Here's why.
U.S. Customs and Border Protection (CBP) opened a new online portal for tariff refunds on Monday, April 20, but they're for businesses, not individuals. The agency is slated to begin refunding ...
When the U.S. Supreme Court ruled that the administration’s tariffs were unlawful, it resolved a constitutional question. What it did not resolve is how to unwind the economic damage. Gov. JB Pritzker ...
Supreme Court struck down tariffs, no refund guidance provided New 10% tariffs imposed by Trump face legal challenges Fedex, Costco sued by customers to pass along refunds March 12 (Reuters) - The U.S ...
Recent research has found that tariffs can reduce economic activity to a point where inflation starts to fall. But if that happens, the economy would be dealing with much bigger problems. Energy ...
On April 2, 2025, the Trump administration announced that the United States would impose a broad set of supplemental tariffs affecting imports from almost all its trading partners. The “Liberation Day ...