A tariff is a tax levied by the government on imported goods. They raise costs for importers who usually pass them on to ...

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.

U.S. Trade Representative Jamieson Greer recently argued that economists underestimate one of tariffs’ biggest benefits: foreign firms might relocate production to avoid them. But tariff-jumping is a ...