How do tariffs work?
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YouTubeReasonTV
How do tariffs work?
A tariff is a tax charged on goods imported into the country. Suppose a t-shirt costs $10, but it is subject to a 25 percent tariff. That means the importer has to pay $2.50 to the U.S. government just to bring the shirt into the country. #economics #tariffs #taxes #business
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