Title: What Are Tariffs and How Do They Affect Your Business? - ProfiTrust
Headings: What Are Tariffs and How Do They Affect Your Business?
What Are Tariffs and How Do They Affect Your Business?
What Are Tariffs?
Who Pays a Tariff, and Who Gets the Money?
Why Do Countries Impose Tariffs?
What Are Some Different Types of Tariff?
What Is the Difference Between a Tariff and a Tax?
What are the Risks of Tariffs?
How Do Tariffs Affect Businesses?
How Do Tariffs Affect Small Businesses?
Tariffs can hurt small businesses.
How do Tariffs Affect Manufacturers?
How Do Tariffs Affect Retailers?
How Do Tariffs Affect Businesses in New Industries?
Tariffs can benefit some domestic companies operating in new industries.
How Do Tariffs Affect Consumers?
Tariffs can benefit domestic consumers (long term)
How Do Tariffs Affect Workers?
How Do Tariffs Affect Businesses in Strategic Industries
How Are Tariffs Affected By Politics?
What are Protective Tariffs?
Are the US and China in a Trade War?
Is the US in a Trade War with Any Other Countries?
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Content: How Do Tariffs Affect Consumers? Tariffs typically hurt domestic consumers (short term). Tariffs can impose costs on domestic retailers. They may need to (or choose to) pass these costs onto their customers. If a US retailer once paid $110 for imported TVs and, due to tariffs, they must now pay $125, it may be able to absorb this extra cost. Or, it may seek to recover this cost from its customers. Tariffs can benefit domestic consumers (long term)
Of course, the idea behind certain tariffs is that they benefit society more broadly. If so, consumers can ultimately derive some benefit from the imposition of tariffs. Also, the purpose of certain tariffs is to k eep unsafe or low-quality goods out of the domestic market. Consumers can benefit from this protection.