This is a very broad question. A tariff is any tax a government may place on goods coming into the country. The amount of the tariff can vary widely depending on the type of good.
Tariffs will have different impacts on different people and bodies. However, perhaps the best way to think about tariffs is this: if there is a high tax on importing, say, peaches from foreign countries, it is highly likely that people will be less likely to want to buy these expensive foreign peaches. Due to this disinclination, then, the people within the country who are growing peaches will see a boost to their business, because people will be more inclined to buy peaches not affected by the tariffs.
However, if there is a particular kind of peach that can only be purchased from outside of the country, a consumer may still want to buy that peach variety. In this instance, the impact of the tariff will be to pass on a higher cost to the consumer.
Thursday, September 11, 2014
What are the impacts of tariffs?
Subscribe to:
Post Comments (Atom)
Why is the fact that the Americans are helping the Russians important?
In the late author Tom Clancy’s first novel, The Hunt for Red October, the assistance rendered to the Russians by the United States is impor...
-
There are a plethora of rules that Jonas and the other citizens must follow. Again, page numbers will vary given the edition of the book tha...
-
The poem contrasts the nighttime, imaginative world of a child with his daytime, prosaic world. In the first stanza, the child, on going to ...
-
The given two points of the exponential function are (2,24) and (3,144). To determine the exponential function y=ab^x plug-in the given x an...
-
Robinson Crusoe, written by Daniel Defoe, is a novel. A novel is a genre defined as a long imaginative work of literature written in prose. ...
-
Hello! This expression is already a sum of two numbers, sin(32) and sin(54). Probably you want or express it as a product, or as an expressi...
-
A tempest is a violent storm and considering that the first scene of the play takes place in such a storm, the title is quite fitting. It is...
-
Macbeth is reflecting on the Weird Sisters' prophecy and its astonishing accuracy. The witches were totally correct in predicting that M...
No comments:
Post a Comment