Import duty is tax collected on imports and some exports by a country's customs authorities to raise state revenues. ... Import (Customs) Duty: Definition, How It Works, and Who Pays It. By.

Import: Definition, Examples, and Pros and Cons. By. Troy Segal. Full Bio. Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and ...

Tariffs have dominated headlines since President Donald Trump took office just over two weeks ago, as he threatened steep, sweeping tariffs on goods the United States imports from its three ...