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What exactly are tariffs and how do they work?
(lazysoci.al)
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this post was submitted on 06 Apr 2025
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A tariff is the price a foreign company has to pay to be allowed to sell their product in America. When the product normally costs $100 and the tariff is 20% then the company has to pay $20 to be allowed to sell their product. Those $20 go to the American government.
The importer pays it, not the foreign company.