How Do Tariffs Work?

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Introduction References & Edit History Related Topics

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A U.S. map outline contains a $20 imported label, overlaid on a background of grocery receipt text with an arrow pointing to the label.

A flowchart illustrates how the retail price for a sample product could rise from $48 to $70 with a 54% tariff.

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How Do Tariffs Work?: Media

Videos

A U.S. map outline contains a $20 imported label, overlaid on a background of grocery receipt text with an arrow pointing to the label.

What are tariffs and how do they work?

Export and import duties marked each phase of the U.S.–China standoff.

Video: Encyclopædia Britannica, Inc.

Interactives

A flowchart illustrates how the retail price for a sample product could rise from $48 to $70 with a 54% tariff.

How does a tariff work?

Tariffs are a type of tax on imported goods that typically result in higher retail...

Encyclopædia Britannica, Inc.

VIEW MORE in these related Britannica articles: