For example, sectors like steel, agriculture or textiles are often protected to maintain domestic production capacity. Protective tariffs can be part of broader economic strategies, including ...

Trump said he is imposing additional tailored tariffs on about 60 countries that contribute the most to the U.S. trade deficit.

"A protective tariff increases the price of imported goods ... businesses and consumers in the form of increased prices. For example, if the U.S. government wants to protect American car ...

For example, an iPhone 16 Pro Max ... typically imposed for protection or revenue purposes," she said. "A protective tariff increases the price of imported goods relative to domestic goods ...

Soon after the first major protective tariff was enacted on a range of products (from pig iron to rope to woolen goods), a logroll formed that joined the Northeast and Midwest against the South.

As the news of US President Donald Trump's executive order on tariffs settles in, businesses and consumers around the world ...