Tariffs are paid by the importer, or an intermediary acting on the importer’s behalf. But it is often someone else who ultimately shoulders the cost. Mr Trump argues that it is the exporter who takes the hit. Research has generally found that it is US consumers and businesses that end up paying for tariffs, through higher prices.

Peter Navarro, the architect of the sweeping tariff policy, is a long-time loyalist who championed the President's 'America First' agenda and earned Trump's praise as a 'tough guy' on China

US President Donald Trump has defied decades of economic convention by imposing punitive tariffs on goods from some of the country’s most important trading partners. Undeterred by warnings that the measures could trigger a recession,

Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty.

The Trump administration is getting ready to start the “External Revenue Service,” a new agency that will collect tariffs. The administration hopes that this will help get rid of the Internal Revenue Service (IRS).

President Donald Trump announced tariffs on global trade partners during a White House Rose Garden event dubbed "Make America Wealthy Again" Wednesday afternoon.