Economics Explained

International Trade

Trade, tariffs and exchange rates.

Trade

How Exchange Rates Work: Quotes, Drivers and Real-World Effects

An exchange rate is the price of one currency in another. Learn how to read quotes, what moves rates, and how they affect trade, travel and inflation.

6 min read
Trade

How Tariffs Work: Who Pays, Who Gains and Why Economists Disagree

A tariff is a tax on imported goods. Learn who really pays it, how it changes prices and jobs, and why it can trigger retaliation and deadweight loss.

5 min read