How Do Tariffs Work? Who Pays, Who Collects and More
US President Donald Trump has rattled economies and markets with his promise of imposing punitive tariffs on the nation’s largest trade partners. So far he’s implemented 10% levies on China; delayed ...
How do tariffs even work, anyway?
Are “tariffs” just another way to say “import taxes?” “What’s distinctive about tariffs is who pays them,” Robert Howse, a ...
Confused by tariffs? Here's what they are and how they work
The U.S. has announced tariffs on Canada, China and Mexico. But you need to understand what they are, to prepare for what ...
BBC2d
Will Donald Trump’s tariffs hurt US consumers?
By 2020, it had grown to $653bn, around 3% of GDP, despite his tariffs. Part of the explanation, according to economists, is that Trump’s tariffs increased the international relative value of ...
MarketWatch9d
Here’s how Trump could impose tariffs on Denmark in a bid to control Greenland
President-elect Donald Trump threatened Tuesday to place new tariffs on imports from Denmark unless the country gives up control of Greenland, news that dented the stocks of some of Denmark’s ...
ifs.org.uk13d
Do tariffs work?
We discuss the economic consequences of tariffs, why governments use them, and whether they actually achieve their intended ...
The Hill19d
Canada sends Trump ‘message’ with retaliatory tariff talk
Canada must send a “message” to President-elect Trump on tariffs, one of the country’s provincial leaders said Wednesday alongside Prime Minister Justin Trudeau, who described the threatened ...
Vancouver20d
Premier Eby no longer promising $500 tax rebate with tariff threat looming
B.C. Premier David Eby and Minister of Finance Brenda Bailey discuss the U.S. tariff threat on Jan. 16, 2025.Graeme Wood A promised $500 tax rebate cheque to every working British Columbian is on ...
Global News20d
Trump tariffs could cost B.C.’s economy almost $70B in 3 years, government says
B.C.’s finance minister says president-elect Donald Trump’s proposed tariffs would have devastating ... and communities to achieve this, Eby explained. “͞Governments around the world ...
Fox Business20d
Trump's 'External Revenue Service' will collect from importers, not 'foreign sources'
they should not be relied upon as a major source of tax revenue," York explained. TRUMP'S PROPOSED TARIFFS: WHAT CONSUMER PRODUCTS COULD BE IMPACTED? Scott Lincicome, vice president of general ...
The Washington Post20d
The House Democrat who wants Trump to go big on tariffs
As he expressed support for President-elect Donald Trump’s tariff proposals, Rep. Jared Golden (D-Maine) paused to inspect his jeans, produced by the Maine company Origin USA. “I bought these ...
Burlington Post20d
Will Trump’s tariffs trigger a recession in Ontario? Here’s what economists are saying
U.S. president-elect Donald Trump has pledged to enact 25 per cent tariffs on all products from Canada and Mexico after taking office on Jan. 20. Ontario Premier Doug Ford has said the tariffs would ...