WHAT IS A TARIFF: A tariff is essentially an extra “tax” imposed when importing goods from one country to another, designed to make foreign products more expensive and encourage consumers to buy locally, which benefits the domestic economy. However, it’s important to note that this ‘tax’ is paid by the person or company importing the products – not by the country that makes the product. So, if Apple imports from China – Apple is responsible for paying the tariff – not China. BENEFITS OF TARIFFS: -They pro