Domestic producers that rely on global supply chains for imported materials and parts may face higher costs of production when tariffs are imposed, which can lead to higher prices for consumers of domestically produced goods.

Authors

• Person: Not available Organization: Oxford Economics
  Tariffs 101: What are they and how do they work? - Oxford Economics

Sources

• Tariffs 101: What are they and how do they work? - Oxford Economics www.oxfordeconomics.com Oxford Economics via serper

Referenced by nodes (2)

• tariff concept
• global supply chain concept