Category: Tariffs

Tariffs and Trade Wars

If you have been following the trade war with China, you will see that it has been taken to an entirely new level. There has been an increase in tariffs on $200 billion worth of Chinese goods to 25% from the previous 10% rate. That is a huge increase for imported products. This has been placed on many different products such as minerals, consumables, flowers, ivory and the list goes on. What is a tariff and what effect will it have on imported goods into the U.S.? Read More