#USTariffs U.S. Tariffs: A Brief Overview

A tariff is a tax or duty imposed by a government on imported goods. In the U.S., tariffs serve several purposes:

✅ Protecting Local Industries – Shielding American companies from foreign competition

✅ Generating Revenue – Increasing government income

✅ Reducing Trade Deficits – Addressing imbalances in international trade

The U.S. imposes tariffs at varying rates on different countries and products, often using them as a tool in trade disputes, especially with nations like China.

Do Tariffs Increase Prices?

Yes, higher tariffs make imported goods more expensive, which can lead to inflation and higher costs for consumers.

#Trade #USTariffs #Economy