It’s been nearly a year since the word tariff moved from the back pages of economic textbooks to the front and center of media hype, and most people still do not understand how they work. While ...

Diccon Hyatt is an experienced financial and economics reporter. He's written hundreds of articles breaking down complex financial topics in plain language, emphasizing the impact that economic ...

NBC Select independently determines what we cover and recommend. When you click on or buy through our links, we earn a commission. Learn more. Zoe Malin Reporter With gas and grocery prices as high as ...

If the Supreme Court strikes down the sweeping tariffs that President Trump invoked under the International Emergency Economic Powers Act, the administration won’t retreat. It will just pivot. Section ...

Almost all of President Trump's tariffs last year were passed on to U.S. consumers and businesses in the form of higher costs, according to an analysis from the Federal Reserve Bank of New York. As ...

President Donald Trump did not have authority to impose his sweeping "Liberation Day" tariffs, the Supreme Court ruled Friday, killing the president's signature economic policy in a case that the ...

A year after Trump's tariff push, some companies are still facing the effects of the changing policy. Companies have been forced to become more nimble and diversify supply chains to reduce tariff ...

A tariff is a tax levied by the government on imported goods. They raise costs for importers who usually pass them on to ...

President Trump's move to invoke an obscure legal tool to impose a global 15% tariff on U.S. imports could face its own legal challenges, trade experts told CBS News. The White House said in a fact ...

President Donald Trump declared Monday he “do[es] not have to go back to Congress to get approval of Tariffs” after the Supreme Court struck down his previous tariff policy—a statement that’s true but ...

President Trump on Saturday said he plans to raise global tariffs from 10% to 15%. "...I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff ...