President-elect Donald Trump claims he can unilaterally impose sweeping tariffs on U.S. imports. The reality is more complicated, according to trade experts.

The calculus of tariffs has always been far more complicated than their effect on consumer prices — and even that is not as perfectly understood.

President-elect Donald Trump’s threat to slap a universal tariff of up to 20% on all goods exported to the US would be “unwelcome but manageable” for the UK, according to analysis from Bloomberg Economics.

It’s all but certain that tariffs will soar with Donald Trump’s return to office. Many companies are struggling with the calculus that uniform tariffs of up to 20 percent may bring.

The New Jersey governor said he believes the UK will be exempt from Donald Trump's tariff plan, saving the country billions of dollars.

One core finding is that industries with higher tariffs did not have higher productivity — in fact, they had lower productivity.