#TrumpTariffs Tramp Tariffs: What They Are and How They Affect Trade

Tramp tariffs are customs duties imposed by a country on imported products in a specific or temporary manner, usually as a measure of economic protection. Unlike permanent tariffs, tramp tariffs are used in response to specific situations such as unfair competition, dumping, or to protect vulnerable local industries. These tariffs increase the cost of foreign products, encouraging the consumption of domestic products. Although they may benefit the domestic economy in the short term, they can also lead to trade retaliations and negatively impact international relations. Their application requires a balance between protection and global cooperation.