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RE: LeoThread 2025-02-03 09:39

in LeoFinancelast month

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At its core, a tariff represents a tax applied to imported goods, aimed at making foreign products more expensive and, consequently, encouraging consumers to purchase domestic items. For instance, the example of selling an American-made Chevrolet in Germany reflects this principle: a U.S. company must pay a tariff to export its vehicle. Conversely, the same process applies to foreign companies wanting to sell products in the U.S. The justification behind tariffs is typically rooted in protecting domestic industries, albeit at the risk of complicating international trade relationships.