DEMO — development content for layout testing. Not real editorial reporting.
DEMO content for development and layout testing — not real editorial reporting.
When a tariff is imposed, importers pay it at the border, but the cost may be passed on to buyers through higher prices or absorbed by exporters cutting prices.
How it works
Protected domestic producers may gain, while firms that rely on imported inputs and consumers can lose.
A tariff is a tax on imports. Its burden is shared among foreign producers, domestic firms and consumers in ways that depend on the market.
What to watch
Retaliation, exchange-rate moves and changes in supply chains complicate the overall effect.
Key concepts
- Tariffs
- Trade policy
