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.
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.