Analytics

How Do Tariffs Work? Who Pays, Who Collects and More

Bloomberg reports that US President Donald Trump has defied decades of economic convention by imposing punitive tariffs on goods from some of the country’s most important trading partners.
How Do Tariffs Work? Who Pays, Who Collects and More
Undeterred by warnings that the measures could trigger a recession, he’s now planning a second wave of import levies that could make selling into the world’s biggest economy more expensive than at any point in the past century. Here’s how tariffs work, including who actually pays them and how the revenue is collected. What are tariffs and what purpose do... ...

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