Understanding Tariffs

​In a global market, it’s impossible to get away from tariffs. More recently, tariffs are a hot button issue as governments are retaliating for one reason or another, so let’s get into it. First of all, what’s a tariff? Simply put, it’s a tax on imports and exports. They are a source of revenue for countries, but they also help countries regulate the amount of goods imported into the country. This is so they can protect certain industries, usually those with strong political influence. Watch this to learn more about tariffs.

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