President Trump is an avowed supporter of tariffs, but many experts say such trade measures can boost inflation.

The White House published three separate Executive Orders that imposed blanket tariffs on Canadian, Mexican and Chinese ...

The value of goods imported to the United States in Fiscal Year 2024 was $893.15 billion, and as a result, U.S. Customs and Border Protection ...

There are several different types of tariffs, and the kind that Trump is imposing is known as an “ad valorem tariff”—meaning the tax on imported goods is calculated as a percentage of the ...

On Feb. 10, 2025, just a week after announcing country-specific, blanket tariffs on Canada, Mexico, and China, President ...

such as a $1,000 tariff on a car. An ad valorem tariff is levied based on the item’s value, such as 10% of the value of the vehicle. Reasons for Tariffs Governments may impose tariffs to raise ...

This page displays a list of executive orders President Donald Trump (R) issued during his second term in office related to trade and tariffs. As of February 25, 2025, Trump had issued seven executive ...

Today, tariffs are typically characterized as a specific duty or an ad valorem duty. A specific duty is a fixed amount of money that does not vary with the price of the goods. An example of a ...

Update: On February 10, 2025, the Trump administration issued a proclamation reinstating a 25% ad valorem tariff on steel imports and ...

There are several different types of tariffs, but the most common are ad valorem and specific tariffs. An ad valorem tariff is a tax that’s levied as a percentage of the imported product’s value.

What exactly are tariffs? Tariffs are duties paid on goods imported into the U.S.. The most common type are ad valorem tariffs (Latin for "according to the value, which represent a fixed ...