What are tariffs and how do they affect you
Tariffs have been a prominent topic in the news lately. Many individuals are confused about what tariffs are and how they function. A tariff is a special tax placed on imported goods from other countries. This tax is added directly to the price when goods are imported. For example, if you are considering buying a BMW from Germany or a Chrysler from the U.S., the BMW might be more expensive due to a tariff.
