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[-] conicalscientist@lemmy.world 7 points 1 day ago

A tariff is a tax or custom duty on an imported good.
Tariffs can lead to a reduction and higher prices on foreign imported goods.[1] Like the corporate income tax, domestic consumers ultimately pay the tax in higher prices.

https://www.conservapedia.com/Tariff

this post was submitted on 17 Mar 2025
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