Part 4/11:
One of the common misconceptions about tariffs is who ultimately pays for them. Contrary to the belief that foreign governments bear the burden, the truth is that tariffs are taxes levied on goods as they enter the country. This means that U.S. importers, businesses, and ultimately consumers end up paying these fees. Specific goods faced tariffs of around 10%, while others experienced staggering increases of 25% or more.