Tariffs are taxes on goods imported from other countries. Contrary to what people often assume, it’s not the exporting country that pays the tariff . Companies importing goods from abroad pay tariffs to their own country’s treasury. Tariffs are put in place to shield domestic producers from competition and potentially raise government revenue, just like other taxes. But most economists argue that tariffs are counter-productive.
Geo-Economics and Politics
Trade routes and pacts are shifting. How can business keep up?
