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?
Leave a Replay

Content: Tariffs can benefit some domestic companies operating in new industries. Governments will also sometimes impose tariffs on specific types of imports to stimulate activity among emerging industries. For example, a company that is developing cutting edge technology might be unable to compete with cheaper imports from overseas. The government might feel that the country would benefit if this domestic industry was given a chance to develop. Companies operating in new industries that have not been targeted in this way will face the same harms and benefits as companies in other industries. 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.