While CSL’s blood plasma products may avoid the levy, the new tariffs put pressure on the Albanese government to do a deal to protect other drugmakers.

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.

US households paid $1,000 more for the same goods over the past year, with lower-income families hit the hardest.

Tariffs impact self-employed workers in ways that most freelancers and solopreneurs do not see

Scott Nevil is an experienced writer and editor with a demonstrated history of publishing content for Investopedia. He goes in-depth to create informative and actionable content around monetary policy, the economy, investing, fintech, and cryptocurrency.

Forbes contributors publish independent expert analyses and insights. Erik Sherman reports on business, economics, finance, tech, and law. Tariffs are a form of taxation on imported goods meant to help control trade between countries and raise government ...

How tariffs work A tariff is a customs duty, or tax, levied on goods and services that are imported or exported. In the past, tariffs were used by countries primarily as a way to bring in revenue for the government. “Tariffs are now typically used to protect domestic industries or as leverage in trade negotiations and disputes,” according to the nonpartisan Congressional Research Service ...

The U.S. Supreme Court last week struck a blow against President Donald Trump’s tariffs, one of the landmark policies of the president’s second term. Trump has levied heavy tariffs on countries like China, Canada, Mexico and parts of the European Union ...

(NEXSTAR) – Two new bills have been introduced in Congress that, if passed, could give American taxpayers hundreds or thousands of dollars in so-called “tariff rebates.” Earlier this year, the Supreme Court struck down the bulk of President Trump’s ...

US President Donald Trump signs an executive order in the Oval Office at the White House in Washington, DC on 23 April 2025. A red baseball hat embroidered with "Make America Great Again" in white thread sits to the left of the document, which shows Trump ...

When the U.S. Supreme Court ruled that the administration’s tariffs were unlawful, it resolved a constitutional question. What it did not resolve is how to unwind the economic damage. Gov. JB Pritzker has called for roughly $1,700 per Illinois household ...