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What Are Tariffs?

Ever wondered what a tariff is and how it affects the economy? In this short, we simplify the concept of tariffs—a tax imposed on imported goods. Learn why countries use them, how they impact prices, and the broader effects on trade and consumers. 🔍 Key Points Covered: What tariffs are and how they work 💡 Why It Matters: Tariffs play a huge role in global trade and can influence everything from the cost of everyday products to international relations. Understanding them helps you make sense of the news and economic policies.