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U.S. Tariff Revenues Decline in November for First Time Under Trump

November marks the first drop in tariff revenue since President Donald Trump introduced his high-profile duties.

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Terms & Concepts
  • Tariff: A tax imposed by a government on imported or exported goods, often used to protect domestic industries or raise revenue.
  • Duties: Specific taxes charged by governments on imports or exports, similar to tariffs, which can affect trade flow and pricing.