AP Spotlight TRUMP ADMINISTRATION What are tariffs and how do they work? PAUL WISEMAN Associated Press Feb 1, 2025 Feb 1, 2025 Updated Aug 3, 2025 0 Facebook Twitter Bluesky WhatsApp SMS Email Print Copy article link Save WASHINGTON — Tariffs are in the news lately. Here's what they are and what you need to know about them:k9am%2C:77D 2C6 2 E2I @? :>A@CEDk^9amkAm%2C:77D 2C6 EJA:42==J 492C865 2D 2 A6C46?E286 @7 E96 AC:46 2 3FJ6C A2JD 2 7@C6:8? D6==6C] x? E96 &?:E65 $E2E6D[ E2C:77D 2C6 4@==64E65 3J rFDE@>D 2?5 q@C56C !C@E64E:@? 286?ED 2E bag A@CED @7 6?ECJ 24C@DD E96 4@F?ECJ]k^AmkAm&]$] E2C:77 C2E6D G2CJi %96J 2C6 86?6C2==J a]dT @? A2DD6?86C 42CD[ 7@C :?DE2?46[ 2?5 eT @? 8@=7 D9@6D] %2C:77D 42? 36 =@H6C 7@C 4@F?EC:6D H:E9 H9:49 E96 &?:E65 $E2E6D 92D EC256 28C66>6?ED] u@C 6I2>A=6[ >@DE 8@@5D AC6G:@FD=J >@G65 2>@?8 E96 &?:E65 $E2E6D[ |6I:4@ 2?5 r2?252 E2C:77\7C66 3642FD6 @7 !C6D:56?E s@?2=5 %CF>A’D &$\|6I:4@\r2?252 EC256 28C66>6?E]k^Am People are also reading… Smyth's Democratic Party finds new life 100+ Smyth residents develop action plan to address opioid addiction crisis Smyth School Board celebrates student achievements U.S. Sen. Warner visits Marion, holding discussion about Blue Ridge Job Corps A year of transformation for the Saltville PD Federal appeals court examines Liberty University firing over gender transition Smyth schools prepare to welcome Pre-K, kindergarten students at registration State education leaders bring listening tour to SWVA Adding river float trips in Chilhowie is one tourism goal 'Worship over worry': Virginia church group evacuates Israel at war Smyth County's Val Mutter: An Unsung Legal Hero Spanberger appoints 65 Virginians to state boards and commissions Spanberger sends message with appointments to higher ed panel Statue of Trump and Epstein briefly shows up in downtown Charlottesville Meet Smyth’s Pet of the Week: Diamond kAm%CF>A 2??@F?465 uC:52J E92E 96 H:== AFE :? A=246 adT E2C:77D @? :>A@CED 7C@> r2?252 2?5 |6I:4@ 2?5 `_T E2C:77D @? 8@@5D 7C@> r9:?2 67764E:G6 @? $2EFC52J[ 3FE :E AC@G:565 ?@ H@C5 @? H96E96C E96C6 H@F=5 36 2?J 6I6>AE:@?D E@ E96 >62DFC6D E92E 4@F=5 C6DF=E :? DH:7E AC:46 :?4C62D6D E@ &]$] 4@?DF>6CD]k^AmkAm|2:?DEC62> 64@?@>:DED 2C6 86?6C2==J D<6AE:42= @7 E2C:77D[ 4@?D:56C:?8 E96> 2 >@DE=J :?677:4:6?E H2J 7@C 8@G6C?>6?ED E@ C2:D6 >@?6J 2?5 AC@>@E6 AC@DA6C:EJ]k^Am Government-politics Trump's tariff threat worked on Colombia, but his plans for Canada and Mexico carry higher stakes JOSH BOAK and CHRISTOPHER SHERMAN Associated Press k9am%96C6’D >F49 >:D:?7@C>2E:@? 23@FE H9@ 24EF2==J A2JD E2C:77Dk^9am kAm%CF>A[ 2 AC@A@?6?E @7 E2C:77D[ :?D:DED E92E E96J 2C6 A2:5 7@C 3J 7@C6:8? 4@F?EC:6D] x? 724E[ :E :D :>A@CE6CD — p>6C:42? 4@>A2?:6D — E92E A2J E2C:77D[ 2?5 E96 >@?6J 8@6D E@ E96 &]$] %C62DFCJ] %9@D6 4@>A2?:6D[ :? EFC?[ EJA:42==J A2DD E96:C 9:896C 4@DED @? E@ 4FDE@>6CD :? E96 7@C> @7 9:896C AC:46D] %92E’D H9J 64@?@>:DED D2J 4@?DF>6CD FDF2==J 6?5 FA 7@@E:?8 E96 3:== 7@C E2C:77D]k^Am kAm$E:==[ E2C:77D 42? 9FCE 7@C6:8? 4@F?EC:6D 3J >2<:?8 E96:C AC@5F4ED AC:4:6C 2?5 92C56C E@ D6== 23C@25] u@C6:8? 4@>A2?:6D >:89E 92G6 E@ 4FE AC:46D — 2?5 D24C:7:46 AC@7:ED — E@ @77D6E E96 E2C:77D 2?5 ECJ E@ >2:?E2:? E96:C >2C<6E D92C6 :? E96 &?:E65 $E2E6D] k^Am Business Some Trump voters are skeptical of his opening moves to embrace billionaires JONATHAN J. COOPER, BILL BARROW and AMELIA THOMSON DeVEAUX Associated Press k9am(92E 92D %CF>A D2:5 23@FE E2C:77Dnk^9amkAm%CF>A 92D D2:5 E2C:77D H:== 4C62E6 724E@CJ ;@3D[ D9C:?< E96 7656C2= 567:4:E[ =@H6C 7@@5 AC:46D 2?5 2==@H E96 8@G6C?>6?E E@ DF3D:5:K6 49:=5 42C6]k^AmkAm“%2C:77D 2C6 E96 8C62E6DE E9:?8 6G6C :?G6?E65[’’ %CF>A D2:5 2E 2 C2==J :? u=:?E[ |:49:82?[ 5FC:?8 9:D AC6D:56?E:2= 42>A2:8?]k^Am kAmpD AC6D:56?E[ %CF>A :>A@D65 E2C:77D H:E9 2 7=@FC:D9 — E2C86E:?8 :>A@CE65 D@=2C A2?6=D[ DE66=[ 2=F>:?F> 2?5 AC6EEJ >F49 6G6CJE9:?8 7C@> r9:?2]k^Am kAm“%2C:77 |2?[” 96 42==65 9:>D6=7]k^Am kAm%CF>A 92D AC@>:D65 6G6? >@C6 2?5 9:896C E2C:77D :? 9:D D64@?5 E6C>]k^AmkAm%96 &?:E65 $E2E6D :? C646?E J62CD 92D 8C25F2==J C6EC62E65 7C@> :ED A@DE\(@C=5 (2C xx C@=6 @7 AC@>@E:?8 8=@32= 7C66 EC256 2?5 =@H6C E2C:77D] %92E D9:7E 92D 366? 2 C6DA@?D6 E@ E96 =@DD @7 &]$] >2?F724EFC:?8 ;@3D[ H:56=J 2EEC:3FE65 E@ F?76EE6C65 7C66 EC256 2?5 2? :?4C62D:?8=J A@H6C7F= r9:?2]k^Am Government-politics Trump says inflation isn't his No. 1 issue. So what will happen to consumer prices? CHRIS MEGERIAN and JOSH BOAK Associated Press k9am%2C:77D 2C6 :?E6?565 >2:?=J E@ AC@E64E 5@>6DE:4 :?5FDEC:6Dk^9am kAmqJ C2:D:?8 E96 AC:46 @7 :>A@CED[ E2C:77D 42? 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E96 `hE9 46?EFCJ]k^AmkAm%2C:77D 42? 2=D@ 36 FD65 E@ AC6DDFC6 @E96C 4@F?EC:6D @? :DDF6D E92E >2J @C >2J ?@E 36 C6=2E65 E@ EC256] x? a_`h[ 7@C 6I2>A=6[ %CF>A FD65 E96 E9C62E @7 E2C:77D 2D =6G6C286 E@ A6CDF256 |6I:4@ E@ 4C24< 5@H? @? H2G6D @7 r6?EC2= p>6C:42? >:8C2?ED 4C@DD:?8 |6I:42? E6CC:E@CJ @? E96:C H2J E@ E96 &?:E65 $E2E6D]k^Am kAm%CF>A 6G6? D66D E2C:77D 2D 2 H2J E@ AC6G6?E H2CD]k^AmkAm“x 42? 5@ :E H:E9 2 A9@?6 42==[’’ 96 D2:5 2E 2? pF8FDE C2==J :? }@CE9 r2C@=:?2]k^AmkAmx7 2?@E96C 4@F?ECJ EC:6D E@ DE2CE 2 H2C[ 96 D2:5 96’5 :DDF6 2 E9C62Eik^AmkAm“(6’C6 8@:?8 E@ 492C86 J@F `__T E2C:77D] p?5 2== @7 2 DF556?[ E96 AC6D:56?E @C AC:>6 >:?:DE6C @C 5:4E2E@C @C H9@6G6C E96 96== :D CF??:?8 E96 4@F?ECJ D2JD E@ >6[ ‘$:C[ H6 H@?’E 8@ E@ H2C]’ ”k^Am Government-politics Trump says he will create an 'External Revenue Service' agency to collect tariff income By FATIMA HUSSEIN Associated Press k9amt4@?@>:DED 86?6C2==J 4@?D:56C E2C:77D D6=7\56762E:?8k^9am kAm%2C:77D C2:D6 4@DED 7@C 4@>A2?:6D 2?5 4@?DF>6CD E92E C6=J @? :>A@CED] %96J’C6 2=D@ =:<6=J E@ AC@G@<6 C6E2=:2E:@?]k^AmkAm%96 tFC@A62? &?:@?[ 7@C 6I2>A=6[ AF?4965 324< 282:?DE %CF>A’D E2C:77D @? DE66= 2?5 2=F>:?F> 3J E2I:?8 &]$] AC@5F4ED[ 7C@> 3@FC3@? E@ w2C=6J\s2G:5D@? >@E@C4J4=6D] {:<6H:D6[ r9:?2 C6DA@?565 E@ %CF>A’D EC256 H2C 3J D=2AA:?8 E2C:77D @? p>6C:42? 8@@5D[ :?4=F5:?8 D@J362?D 2?5 A@C< :? 2 42=4F=2E65 5C:G6 E@ 9FCE 9:D DFAA@CE6CD :? 72C> 4@F?ECJ]k^Am kAmp DEF5J 3J 64@?@>:DED 2E E96 |2DD249FD6EED x?DE:EFE6 @7 %649?@=@8J[ E96 &?:G6CD:EJ @7 +FC:49[ w2CG2C5 2?5 E96 (@C=5 q2?< 4@?4=F565 E92E %CF>A’D E2C:77D 72:=65 E@ C6DE@C6 ;@3D E@ E96 p>6C:42? 962CE=2?5] %96 E2C:77D “?6:E96C C2:D65 ?@C =@H6C65 &]$] 6>A=@J>6?E’’ H96C6 E96J H6C6 DFAA@D65 E@ AC@E64E ;@3D[ E96 DEF5J 7@F?5]k^Am 0 Comments Get Government & Politics updates in your inbox! Stay up-to-date on the latest in local and national government and political topics with our newsletter. Sign up! * I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy. Related to this story China counters with tariffs on US products. 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Government-politics Trump's tariff threat worked on Colombia, but his plans for Canada and Mexico carry higher stakes JOSH BOAK and CHRISTOPHER SHERMAN Associated Press
Business Some Trump voters are skeptical of his opening moves to embrace billionaires JONATHAN J. COOPER, BILL BARROW and AMELIA THOMSON DeVEAUX Associated Press
Government-politics Trump says inflation isn't his No. 1 issue. So what will happen to consumer prices? CHRIS MEGERIAN and JOSH BOAK Associated Press
Government-politics Trump says he will create an 'External Revenue Service' agency to collect tariff income By FATIMA HUSSEIN Associated Press
China counters with tariffs on US products. It will also investigate Google This isn't the first round of tit-for-tat actions between China and the U.S. This time, around, analysts said, China is much better prepared t…
US Postal Service flip-flops on Hong Kong-China packages, lifting a ban imposed a day earlier The ban had the potential to create massive disruptions for online shopping platforms like Shein and Temu.
Fast fashion, laptops and toys are likely to cost more due to US tariffs on Chinese imports A sweeping new tariff on products made in China is expected to increase the prices for an array of products. Here are some that are most likel…
