The role of imports in GDP—Gross Domestic Product—confuses many people. The current political discussion about tariffs has triggered some of the misunderstanding. This article aims to help ...
Currently, the following tariffs from the second Trump administration are in effect: 25% taxes on all steel and aluminum ...
The potential to more than double the scope of Trump’s tariffs has alarmed economists and some congressional Republicans.
The Trump administration has imposed a 25% tariff on all imported steel and aluminum, but what is a tariff, who pays, and why ...
Tariffs are a central part of Trump's overall economic vision. He says tariffs will boost US manufacturing and protect jobs, ...
Trump has promised the taxes will help create U.S. factory jobs when his seesawing tariff threats are jolting the stock ...
As GDP estimates the value of production in the US, imports are neither added nor subtracted conceptually. Everyone agrees ...