Could tariffs trigger a global trade war or tilt us into a recession? A tariff is a tax imposed by one country on the goods and services imported from another. The companies shipping the parcels now have to pay duties based on the tariff rate which applies to the country the goods were sent from.
In this insight, we explore the investment implications of recent tariffs and their potential economic impact. Otherwise, for six months, they can. Learn about import tariffs, how they impose costs on imported goods, and the role of trade agreements.
For example, even if a product contains components from several countries, its entire value can be subject to tariffs that are incurred by the country where final assembly is. How have tariffs historically functioned in our country, and are there past moments that can help us better understand what’s happening today? Learn about how they work and how they impact trade, prices, and the global economy. Discover what tariffs are and how they affect your business.
Combine both ad valorem and specific tariffs on the same item who pays for tariffs?