Trade and Tariffs

Trade and Tariffs.

I’m working on a Economics question and need guidance to help me study.

There is often talk in the news recently about increasing tariffs on some imports. Watch the video (Incidence of a Tariff) to prepare for this week’s discussion.

https://cdnapisec.kaltura.com/index.php/extwidget/…

  • When the United States puts tariffs on imports, who do you think ultimately pays these tariffs? Is it the foreign companies selling here, American consumers, or both? Explain your answer.
  • Is it good or bad for American consumers when the United States puts tariffs on imports?

Trade and Tariffs

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