Tariffs are taxes a government puts on goods and services that come from other countries. You can think of a tariff as an extra fee added at the border, which makes imported products more expensive.

Forbes contributors publish independent expert analyses and insights. Erik Sherman reports on business, economics, finance, tech, and law. Tariffs are a form of taxation on imported goods meant to ...

For example, at an August campaign rally, Trump suggested broadly placing tariffs on imports from overseas, saying, “We’re going to have 10 to 20% tariffs on foreign countries that have been ripping ...