The U.S. imposes tariffs on imported goods to protect domestic industries, address trade imbalances, and enforce fair trade practices. These tariffs, essentially taxes on imports, can be applied for various reasons, including national security concerns, anti-dumping measures, or retaliation against unfair trade practices by other countries.
While tariffs aim to boost local manufacturing and jobs, they can also lead to higher consumer prices and trade tensions. Recent U.S. tariffs, particularly on Chinese goods, have sparked global trade disputes, impacting markets and supply chains. Critics argue that tariffs may harm the economy, while proponents believe they are necessary to safeguard American industries and workers.
