By Christy Lee Amid U.S. criticism of Beijing’s Russian oil imports fueling Moscow’s war against Ukraine, the European Union is facing U.S. pressure to target China’s economy with tariffs while urging it to help bring an end to the war. Ursula von der Leyen, the president of the European Commission, the executive arm of the […]
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.
