By Bill Pan The Trump administration says it needs months of additional time to weigh its steps, as a wave of refund requests pours in from importers seeking billions of dollars in tariffs recently struck down by the U.S. Supreme Court. In a late-night Feb. 27 filing, the Department of Justice (DOJ) asked the U.S. […]
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.
