By Eva Fu The United States has launched two working groups with China on economic and financial issues to provide a regular policy communication forum between the world’s two largest economies. The Department of the Treasury and China’s Ministry of Finance will assume the oversight role for the Economic Working Group, while the People’s Bank […]
Tag: Tariff
A tariff is a tax on imports or exports between sovereign states. It is a form of regulation of foreign trade and a policy that taxes foreign products to encourage or safeguard domestic industry. Traditionally, states have used them as a source of income.