Trade tariffs are taxes imposed by a government on imported or exported goods. They are used to regulate trade between countries by increasing the cost of foreign products, thereby making domestic goods more competitive. Tariffs can be applied as a specific amount per unit or as a percentage of the value of the goods. Governments may implement tariffs to protect local industries, generate revenue, or respond to unfair trade practices. Additionally, tariffs can influence international relations by affecting trade negotiations and economic policies.
Gold prices have reached an all-time high of **$2,798.59** per ounce due to market instability and tariff concerns. The declining dollar has made gold more attractive to international investors seeking…