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 ...

Trump has long praised tariffs as effective economic policy. On Monday, Trump called “tariff” the fourth-most beautiful word in the dictionary, behind “God,” “love” and “religion.” ...

Canada and Mexico’s top leaders blasted President Trump Saturday hours after he imposed a 25% tariff on the neighboring countries — and announced they would retaliate by enforcing their own on ...

President Donald Trump signed an executive order Saturday imposing a 25% tariff on imports from Mexico and Canada and 10% on imported Chinese goods, according to multiple reports, reflecting his ...

Included in his order is a retaliation clause — all but guaranteeing the tariff rates could rise, given both Mexico and Canada have vowed reprisals. After threatening for months to impose steep ...

For example, in February 2025, President Trump implemented a 25% tariff on imports from Canada and Mexico and a 10% tariff on imports from China. There's also a 10% tariff on energy resources from ...

A tariff on oil imports could lead to lower production of fuel at those facilities and drive up costs for consumers, analysts and companies have warned. Trump did not name a specific country to ...

Read more › Tariff fallout: Mr. Trump acknowledged that his tariffs — 25 percent on Canada and Mexico, with a partial carve out for Canadian energy and oil exports, and 10 percent on goods ...

Trump acknowledged that tariff costs are sometimes passed along to consumers, and said his plans may cause a short-term disruption. But the Republican president told reporters in the Oval Office ...

Trump’s massive tariff against Canada also includes a lower 10% tariff rate on energy resources. For context, in 2023, Canadian crude oil exports accounted for about 24% of US refinery ...

He campaigned on a blanket tariff that would generate revenue and help protect American workers. But since he was elected, Trump has toyed with country-specific tariffs as a negotiating tactic or ...

Yinwei Liu / Getty Images A tariff is a type of tax levied by a country on an imported good at the border. Historically, tariffs have been used by governments to collect additional revenue.