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 ...

The action immediately shook global markets, plummeted stocks and will likely raise prices on everyday products – from gas to ...

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 ...

“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 ...

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

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 ...