
Topic
Trade Blocs Explained: Unions, Agreements, and Single Markets
Countries bundle their trade rules together in different ways. The type of bloc they choose decides who sets tariffs, who can trade freely, and who gives up veto power.

Countries bundle their trade rules together in different ways. The type of bloc they choose decides who sets tariffs, who can trade freely, and who gives up veto power.

Every imported good gets a code, every code gets a rate, and the rate lands in your cart.

Tariffs, negotiations and a war in the Persian Gulf have rerouted the state's commerce rather than shrunk it.

Customs collects the duty at the border, Treasury books it, and Congress spends it — three separate steps that are easy to blur.