Tariffs, a tax on imports, have historically been used to support domestic industries and are primarily imposed for two reasons: to protect domestic industries by raising the cost of imported goods, and/or to generate revenue for the government. However, they can often also result in reduced trade, higher prices, and retaliation. What is a tariff?... The post The Impact of Tariffs: Who Benefits and Who Bears the Cost? appeared first on Export Solutions, Inc..
