Tariffs are in the news at the moment. But what are they?


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Originally Published: <time datetime="2025-01-27 16:14:32">January 27, 2025 at 4:14 PM EST</time>

Tariffs are in the news at the moment. But what are they?{ai:summary}<p>Tariffs are taxes imposed by a government on imported goods, aimed at protecting domestic industries and generating revenue. They can influence trade balances and consumer prices, impacting both the economy and international relations.</p><p>#economy</p>

What are tariffs and how do they work?

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