On his so-called "Liberation Day," Trump imposed a wave of import tariffs on dozens of countries. But how do tariffs work? And who gets the money?

President Donald Trump imposed a slew of tariffs ranging from 10 to 49% on trading partners. Here's what to know, who pays them, and how they work.

Let's go back to basics. What is a tariff, what role do they play in the economy, and how have they been applied, both historically and now? The big picture: Tariffs were once the primary way the United States collected tax revenue,

Durlauf: Part of the argument for tariffs is that they are good for U.S. jobs, with the employment effect being worth the higher prices and harm to consumers. But that’s not really how they work. In fact, tariffs are likely to cause negative employment effects because of the way that they ripple through the economy.

US stocks plunged after President Trump announced a baseline 10% tariff on all US trading partners, sending shockwaves through markets and the global trade order. These are today's mortgage and refinance rates. The 30-year rate has been steady, but Trump's tariffs could make building more expensive. Lock in your rate today.

Donald Trump announced a sweeping new set of reciprocal tariffs on Wednesday, arguing that they would allow the United States to succeed. "This is one of the most important days in my opinion in American history,

We asked folks across the US and world how President Donald Trump’s tariffs have already changed their spending, savings habits, work and all other aspects of their lives. Here’s what they said:

It depends on how businesses both in the United States and overseas respond, but consumers could see overall prices rising within a month or two of tariffs being imposed. For some products, such as produce from Mexico, prices could rise much more quickly after the tariffs take effect.

With stock prices tanking and many expecting a massive economic fallout amid Trump's tariffs, the world is reacting Dr. Dough Downing, an economics professor at Seattle Pacific University, discusses the decades-long history behind tariffs and the impacts they are causing today.

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