What are tariffs and how do they work? | AP News

January 27, 2025

U.S. tariff rates vary: They are generally 2.5% on passenger cars, for instance, and 6% on golf shoes. Tariffs can be lower for countries with which the United States has trade agreements. For example, most goods can move among the United States, Mexico and Canada tariff-free because of Trump’s US-Mexico-Canada trade agreement.

https://apnews.com/article/economy-import-tariff-fce31b5c5c9f058ff09353c6846b1cf9

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