Tariffs are taxes on imports collected by Customs and Border Protection in the U.S., with rates varying and typically passed on to consumers by American companies. While President Trump believes tariffs benefit the economy, economists see them as inefficient and damaging, leading to retaliatory tariffs from other countries. Despite Trump’s use of tariffs to protect domestic industries and pressure foreign countries, economists generally view them as counterproductive and likely to provoke trade wars.
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Panama pledges to end key canal deal with China, work with US after Rubio visit
Panama's president vows to end a development deal with China after meeting with Secretary of State Marco Rubio and facing criticism from President Donald Trump over the Panama Canal. Rubio emphasizes the U.S. cannot allow Chinese control of the canal area and supports efforts to repurchase the waterway. House Republicans introduce a bill to give the president authority to negotiate with Panama to reacquire the Panama Canal, citing concerns about China's influence. Full Article
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