I have 0 maths or economy skills, so I do need it explained like I’m 5. They’re in the news a lot atm but I just don’t understand them

  • Redacted@lemmy.zipEnglish
    1·
    11 days ago

    If someone from somewhere else wants to sell stuff here, a tariff means the person buying that thing has to pay more. The person buying that thing is usually a company that wants to turn that stuff into other stuff like a computer for example. This raised cost is then passed on to the people that buy it.