Fact checked by Yarilet Perez Reviewed by Robert C. Kelly What Are Tariffs? Tariffs are a type of trade barrier that make imported products more expensive than domestic products. Tariffs typically ...

Trump has struck a series of bilateral trade deals in the last few days. With the EU, the US secured $750bn in energy purchases and reduced tariffs on steel via a quota system.

Associated Press WriterWASHINGTON (AP) -- A federal trade panel recommended a range of tariffs and quotas on steel imports, but their proposals fell short of what the beleaguered U.S. industry ...

The U.S.' 50% tariffs on steel and aluminum are expected to stay in the near term, though the U.S. and EU agreed on replacing that tariff with a quota system that the two sides will negotiate.

The European Commission says that around $8.7 billion of U.S. agricultural exports will receive “better market access” to Europe through allocation of tariff-rate quotas under a new trade pact.

Britain said the European Union will remove tariffs on key steel products under a quota system from Friday as part of a reset of ties and a recent deal to ease trade barriers.

American tariffs on European Union goods were previously in the low single-digits on average. And just a few weeks ago, the bloc hoped to negotiate a 10 percent across-the-board rate.

Japan will import more rice from the United States but within the existing tariff-free quota, Prime Minister Shigeru Ishiba said on Wednesday, stressing Tokyo's success in protecting the ...

Japan Vows More U.S. Rice Imports Within Tariff-Free Quota After months of negotiations, the two countries struck a deal to lower the so-called “reciprocal tariffs” from a proposed 25% to 15% ...