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How do tariffs work?

Tariffs are taxes a government puts on goods and services that come from other countries. You can think of a tariff as an extra fee added at the border, which makes imported products more expensive.
“It does not take into account the fact that domestic producers will likely raise their prices if a US global tariff takes effect, and it does not take into account other costs to American wage ...
Sometimes there are real calculations behind its tariff rates. But those calculations don’t make sense to economists. How is the administration coming up with tariff percentages on goods? Is there a ...
Rising prices have been top of mind for consumers for several years, especially coming off the high inflation after the pandemic. Now, rising global tensions in 2025, including new tariffs, are ...