Tariff

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1. International trade.

In international trade, a tariff is a tax on imports or exports.

Import tariffs are often associated with, or an alternative to, quotas.

Import tariffs are payable by the importer.


Trump to announce 25% steel and aluminum tariffs in latest trade escalation
"U.S. President Donald Trump said on Sunday [9 February 2025] he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties, in another major escalation of his trade policy overhaul...
He also said he will announce reciprocal tariffs on Tuesday or Wednesday, to take effect almost immediately, applying them to all countries and matching the tariff rates levied by each country.
"And very simply, it's, if they charge us, we charge them," Trump said of the reciprocal tariff plan...
"Tariffs are going to make [U.S. Steel] very successful again..."


Trump during his first term [2017-21] imposed tariffs of 25% on steel and 10% on aluminum, but later granted several trading partners duty-free exemptions, including Canada, Mexico and Brazil...
Former President Joe Biden [2021-25] later negotiated duty-free quota arrangements with Britain, the European Union and Japan. It was not immediately clear from Trump's announcement what will happen to those exemptions and quota arrangements.


The new U.S. president has long complained about the EU's 10% tariffs on auto imports being much higher than the U.S. car rate of 2.5%. He frequently states that Europe "won't take our cars" but ships millions west across the Atlantic every year.
The U.S., however, enjoys a 25% tariff on pickup trucks, a vital source of profit for Detroit automakers General Motors, Ford and Stellantis' U.S. operations...


Chris Swonger, CEO of the Distilled Spirits Council of the United States, expressed concern that Trump’s new steel tariffs would lead to the EU reimposing retaliatory duties on American whiskey and raising them to 50%.
“We are urging that the U.S. and EU move swiftly to find a resolution. Our great American whiskey industry is at stake. A 50% tariff on America's native spirit will have a catastrophic outcome for the 3,000 small distilleries across the United States.”


In a separate Fox News interview, Trump said Canada's and Mexico's actions to secure their U.S. borders and halt the flow of drugs and migrants are insufficient ahead of a March 1 tariff deadline.
Trump has threatened to impose tariffs of 25% on all Mexican and Canadian imports unless America's two largest trading partners take stronger actions...
Trump did not say what Canada and Mexico needed to do to avoid broad tariffs on March 1."
Reuters - 10 February 2025.


2. Goods and services.

A listing of fixed charges made by a business, especially a restaurant or hotel.


3. Law - criminal law - tort - damages.

An indicative scale of sentences for criminal convictions, or of damages for injury.


See also


Other resource

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