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Tariffs are taxes imposed by one country on goods imported from another country that act as trade barriers, raising prices, reducing available quantities of goods and services for businesses and consumers, and creating an economic burden on foreign exporters.
Authors
Sources
- Trump Tariffs: Prices & Long-Term Economic Effects - Tax Foundation taxfoundation.org via serper
- The Impact of Trade and Tariffs on the United States - Tax Foundation taxfoundation.org via serper