Protectionism
Tariffs 101: What they are, who pays them, and why they matter now
Tariffs 101: What they are, who pays them, and why they matter now Tariffs are taxes on imports of goods, usually to protect domestic industries from import competition, and are imposed by U.S. Customs and Border Protection. The burden of tariffs often falls on consumers, who may see prices increase as companies pass on the […]
📰 News
Beggar thy neighbor, harm thyself: Tariffs like Trump’s come with pitfalls, history shows
Beggar thy neighbor, harm thyself: Tariffs like Trump’s come with pitfalls, history shows Tariffs like those announced by President Trump can have severe consequences for both the US economy and its trading partners, as they often lead to swift and precise retaliation from other countries. The “beggar-thy-neighbor” strategy, which involves protectionist measures such as tariffs, […]
🏛️ Politics