What is the role of tariffs in promoting or hindering regional economic development?

A tariff is a tax imposed on foreign-made goods, paid by the importing business to its home country's government. The most common kind of tariffs are ad valorem ... Stay up to date on the latest news, insights, perspectives, and resources from our customs and trade policy experts. Mar 22, 2018 ... Though the general trend globally has been toward lower tariffs, some nations still impose relatively high import taxes – particularly countries ... 3 days ago ... Increases the tariff rate from 10% to 25%. Expands the list of derivative products subject to the tariffs (effective Mar. 12, 2025). ... For ... A tariff is a tax on the import or export of goods between countries. Tariffs are a form of foreign trade regulation and a policy that taxes foreign products. Apr 3, 2025 ... Trump says the "reciprocal" tariffs are a response to barriers put on U.S. goods, while administration officials said the tariffs would create ... 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, ... In general, the importer pays the tariff. Tariffs are collected by the national customs authority of the country into which the goods are being brought (so ... Apr 10, 2025 ... China's tariff rate will jump to 145%, a White House official confirmed to CNBC. White House economic advisor Kevin Hassett says there are trade ... Feb 6, 2025 ... ICC Secretary General John WH Denton AO, has highlighted widespread concerns and uncertainties within the global business community as a result of threatened ...