Tariffs are taxes on imports, making products cost more.

Tariffs are import taxes paid by entities or individuals who bring products into a country. Economists argue that Trump’s trade wars have not provided economic benefits to the American heartland. Tariffs are typically paid by the importer, not the country from which the product originates. There are several reasons for imposing tariffs, including revenue collection and protection of domestic producers. Trump favored high tariffs and announced their implementation on imports from Mexico, Canada, China, and the EU. However, the high tariff strategy