By Andrew Moran President Donald Trump’s tariffs helped shrink the U.S. trade deficit to its lowest monthly level in more than five years, according to new data released by the Bureau of Economic Analysis on Dec. 11. The U.S. goods and services trade deficit narrowed 10.9 percent in September to $52.8 billion—the lowest monthly deficit […]
Tag: Tariffs
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.
