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U.S. Tariff Revenue Falls After Trump Eases Grocery Store Duties

November saw a slight decline in tariff income following changes to import duties on grocery store goods enacted by U.S. President Donald Trump.

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Terms & Concepts
  • Tariff: A tax imposed by a government on imported or exported goods.
  • Import Duties: Taxes levied on goods brought into a country, often used to regulate trade and generate revenue.