The Business Doctor

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What the heck is a Tariff?

Tariffs are taxes imposed by a country on specifics or general goods and services imported from another country. This can also be done from Parish to Parish or State to State or City to City. Any product or service coming from anywhere into your community can have political or economic tariffs, whether used to promote growth or impose punishment.

So, lets breakdown the tariffs and its purposes:

Tariffs are used to restrict imports or promote a country to increase its prices to offset those same restrictions forcing vendors to increase the price of products and services (put a tariff on it to make the price go up if the price goes up it’s harder to sell)

 

 

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