Tariffs are taxes a government puts on goods and services that come from other countries. You can think of a tariff as an extra fee added at the border, which makes imported products more expensive.

Sweeping and long-awaited tariffs took effect after midnight Thursday, raising import taxes on merchandise from dozens of countries as part of President Donald Trump’s efforts to overhaul global trade ...

“It does not take into account the fact that domestic producers will likely raise their prices if a US global tariff takes effect, and it does not take into account other costs to American wage ...