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: Failure to pay a tariff can result in penalties or legal action. There are indirect costs for other parties too. For example, an importer might pass the cost of tariffs onto their suppliers by only agreeing to pay a lower rate for the goods. The cost of tariffs can also be passed onto consumers or other businesses if the importer charges a higher price for the goods. Why Do Countries Impose Tariffs? Tariffs primarily exist to make imported goods less attractive. If the price of imported goods rises, buying or selling domestically-produced goods might be a more attractive option. They might also serve to keep certain products out of the country altogether. There are many reasons a government may wish to discourage imports: In an attempt to decrease unemployment
To raise revenues for the state
To ensure strategically important industries can survive
What Are Some Different Types of Tariff?