By Andrew Moran Consumer prices accelerated for the second straight month in April as the war in Iran added to renewed inflationary pressures. The annual inflation rate rose to 3.8 percent, from 3.3 percent in March, according to new Bureau of Labor Statistics data released on May 12. This is now the highest level of […]
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.
