On July 20, President Trump formally invoked Section 338 of the Tariff Act of 1930 for the first time to impose 50 percent duties against a significant range of Canadian products. Our experts explain the statute and its global implications.

President Trump's latest set of tariffs has provoked heated objections from America's trading partners.

Within a 24-hour period on February 20, 2026, the U.S. Supreme Court struck down the “IEEPA tariffs” as unlawful, the president issued a proclamation imposing new global tariffs of 10% (later increased to 15%), and the administration stated it was ...

The fall October’s deficit relative to September’s is entirely due to swings in pharmaceutical imports and gold imports (and exports). Ironically, neither category has been subject to tariffs. Fear of a pharmaceutical tariff led to large ...

Recent legal developments have opened the door to significant tariff refunds under the International Emergency Economic Powers Act (IEEPA). For business owners, this presents both an opportunity and a compliance challenge. Importers should file protests ...

On Friday evening, in response to the Supreme Court decision (see our earlier advisory), President Trump issued three legally binding actions, including the removal of the existing IEEPA tariffs and the imposition of a new 10% global tariff under Section 122.

NBC Selected independently determines what we cover and recommend. When you click on or buy through our links, we earn a commission. Learn more. Zoe Malin Reporter With gas and grocery prices as high as they currently are, inflation skyrocketing and ...

President Trump speaks during an event to announce new tariffs in the Rose Garden at the White House on April 2, 2025. Many of America's key allies on Friday criticized the U.S. administration's new tariffs against them,