How Do Tariffs Work?

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A U.S. map outline contains a $20.00 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?: Related Content

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A U.S. map outline contains a $20.00 imported label, overlaid on a background of grocery receipt text with an arrow pointing to the label.

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international trade tariff import beggar-thy-neighbor policy hemispheric integration special economic zone tonnage and poundage comparative advantage visible trade invisible trade countervailing duty