Keyword Analysis & Research: tariff

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Frequently Asked Questions

Is a tariff good or bad?

Tariffs are not good for countries which depend on imports. Since tariffs are an indirect tax it is mostly taken from the consumers by increasing the prices of the goods and services. For countries without resources and which are unable to produce their own goods and services have to depend entirely on these imports hence normal people with less incomes have a hard time with increase prices on their necessities.

What is a tariff and who pays it?

What is a tariff and who pays it? A tariff is a tax on imported goods. It is paid for predominantly by consumers. However, a combination of corporations, exporters, importers, and other nations may also pay a price.

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