What are tariffs?
A tariff is an additional cost imposed by a country on imported goods. Tariffs are usually paid to governments by importers or buyers of those goods.
Tariffs are a standard feature in international trade. Tariffs are typically imposed, by governments, on imported products that are unfairly traded causing damage to domestic industries. Tariffs are often imposed on goods following a rigorous, transparent process of investigation and assessment and subject to regular review.
The Trump Administration has unilaterally and indiscriminately imposed tariffs on goods shipped from Canada, and other countries, into the United States. Trump has claimed presidential authority to impose tariffs on foreign countries, under pre-existing “national security” and “national emergency” laws.
