Tariffs are a means for one country to wrangle better trade terms with another country and to protect domestic manufacturing.

One of Congress’ first acts was to pass the Tariff Act of 1789, which was aimed at protecting domestic industry and raising revenue for the new government. In fact, tariffs actually constituted the ...

More: Here's how Texas could be affected by Trump's tariffs on Mexico, Canada The action immediately shook global markets, ...

“In this world,” Benjamin Franklin wrote in 1789, “nothing can be said to be certain, except death and taxes.” Tariff roulette removes even that second element of certainty. And all we get ...

However, he is accompanying his tariff policy with a proposed policy of budget-busting tax cuts. According to the Committee for a Responsible Budget, over the next decade those tax cuts would ...

The economic tool fueled most of the American economy until the early 1900s, but will tariffs work in the modern era?

How long have tariffs existed in the U.S.? In the U.S., tariffs have been implemented since 1789, with the first significant tariff law enacted to help finance the newly established government.

One of the first laws signed by the American Congress was the Tariff Act of 1789. Proponents of that legislation, including Alexander Hamilton, wanted to protect American manufacturing in the ...