ReasonTV
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How do tariffs work?
Posted
November 21, 2024
Views
59,193
Likes
2,945
Comments
406
Engagement
5.66%
November 21, 2024
59,193
2,945
406
5.66%
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0:51Now PlayingA tariff is a tax charged on goods imported into the country. Suppose a t-shirt costs $10, but it is subject to a 25 percent tariff. That means the importer has to pay $2.50 to the U.S. government just to bring the shirt into the country. #economics #tariffs #taxes #business
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