What are tariffs and how do they work? Tariffs are taxes charged on goods bought from other countries. Typically, they are a percentage of a product’s value. A10% tariff means a $10 product would have a $1 tax on top – taking the total cost to $11 (£8.35). Companies that bring foreign goods into the…
What are tariffs and how do they work? Tariffs are taxes charged on goods bought from other countries. Typically, they are a percentage of a…
What are tariffs and how do they work? Tariffs are taxes charged on goods bought from other countries. Typically, they are a percentage of a product’s value. A10% tariff means a $10 product would have a $1 tax on top – taking the total cost to $11 (£8.35). Companies that bring foreign goods into the…