“Very simple.” But are the new levies on foreign goods sold in the U.S. truly “reciprocal"? No, not by any commonly agreed definition of the term. “A ‘reciprocal’ tariff is one that is equal to the ...

President Trump's reciprocal tariffs on dozens of countries go into effect Wednesday. Here's what to know about the import taxes.

President Donald Trump said he'll be rolling out reciprocal tariffs. Here's what that means for the U.S. and its trading partners.

Where does the money collected from tariffs go? How soon will prices rise for consumers? What tariffs are other countries charging on U.S. goods?

“Reciprocal. That means they do it to us and we do it to them,” Trump said at a Rose Garden event at the White House on Wednesday. The “reciprocal” tariffs are based on trading practices ...