#TariffsPause #TariffsPause

A tariff is a tax imposed by a government on imported goods. It’s used to make foreign products more expensive, encouraging people to buy domestic products instead. Tariffs can protect local industries from international competition, create jobs, and raise government revenue. However, they can also lead to higher prices for consumers and strain trade relationships between countries. When one country places tariffs on another, it often leads to retaliation, sparking trade wars. For example, the U.S.–China trade war involved billions of dollars in tariffs, affecting global markets. Economists often debate their effectiveness: some see tariffs as vital for protecting developing industries, while others argue that free trade leads to more efficiency and lower prices overall. What angle interests you most?