Conversation around tariffs has surged after the U.S. Supreme Court recently struck down the broad global tariffs that President Trump had imposed under emergency powers, ruling they were unconstitutional because only Congress can levy taxes like tariffs.

We’ll explain how tariffs work, what Trump has proposed and what experts say about it, and what happened during Trump’s first term. Tariffs or customs duties are a tax on products purchased from abroad, and they are used by practically all countries

President Donald Trump has turned tariffs into the centerpiece of his economic strategy, and in 2026 the policy will bite even harder. The new schedule of import taxes, paired with promised $2,000 "tariff dividend" checks, is reshaping who pays more at the ...