Do trade tariffs disproportionately affect lower-income consumers?

Under Section 232 of the Trade Expansion Act, the President has broad power to adjust imports — including through the use of tariffs — if excessive foreign ... One of the ways governments deal with trading partners they disagree with is through tariffs. A tariff is a tax imposed by one country on the goods and services ... The USITC DataWeb provides public access to the official US import and export statistics of the US Department of Commerce in a user-friendly web interface. Stay up to date on the latest news, insights, perspectives, and resources from our customs and trade policy experts. Feb 3, 2025 ... The new set of tariffs announced by the Trump administration represents a significant escalation in U.S. trade policy compared to previous ... On March 8, 2018, President Trump exercised his authority under Section 232 of the Trade Expansion Act of 1962 to impose a 25 percent tariff on steel imports, ... Nov 30, 2018 ... Notice: In response to the United States' decision to impose tariffs on Canadian steel and aluminum shipments, Canada intends to apply tariffs ... Apr 8, 2025 ... Among agrifood product exports, meats and dairy are hit hardest by the new tariffs, down almost 4% from baseline levels (Figure 5). Processed ... May 9, 2023 ... So the way trading works, is that each faction has a pool of resources they produce which they can trade away to earn money. You can see this in ... Oct 1, 2024 ... A tariff is a tax placed on goods when they cross national borders. The most common type is an import tariff, which taxes goods brought into a country.