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?: Media

Videos

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.

What are tariffs and how do they work?

There are three types of tariffs: transit duties, exports, and imports.

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.

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