In recent times, what are tariffs how do theywork and why is trump using has become increasingly relevant in various contexts. What Are Tariffs and How Do TheyWork? tariff landscape in 2025 is highly dynamic and complex, characterized by multiple layers of tariffs imposed under different legal authorities. The most significant actions involve broad tariffs on goods from China and on steel and aluminum imports globally.
Tariffs, sometimes called duties or customs duties, are taxes on goods that are traded between nations. When goods cross the US border, Customs and Border Protection (CBP) collects tariffs based on the type of goods, their quantity, and which country theyβre coming from. Types of Tariffs Tariffs are used to restrict imports by increasing the price of goods and services purchased from another country. This makes them less attractive to domestic consumers.
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