Title: 
Headings: Tariffs Definition
Tariffs Definition
4 Types, How it Works, Who Pays
What are Tariffs
Key Points
How Does a Tariff Work?
Section 321 – Imports Under $800
Informal – Imports Under $2,500
Formal – Imports Over $2,500
Conclusion on how tariffs work
Who Pays for Tariffs
Consumers
Corporations
China
US Exporters
4 Types of Tariffs
Ad valorem Tariffs
Specific Tariffs
Compound Tariffs
Tariff-rate Quota
Why Tariffs are Used
1. Protect Domestic Employment
2. Infant Industries
3. National Security
4. Retaliation
General FAQs on Tariffs
Further Reading

Content: This led to a number of companies stating in 2019, that prices would rise, jobs would be lost and profits fall. The logic is quite clear. By imposing a higher tariff, it creates an additional cost to the supplier. This works in the same way higher input or labor costs would have. If it costs more to supply the product, then this will be reflected in the price. Research shows that between February 2018 and January 2020, the US spent over $46 billion on tariffs. Corporations
Some corporations may not necessarily pass on 100 percent of the costs. Inside, they may absorb some of the costs into profits. This may be in order to maintain consumer demand if pricing is sensitive to change. Increasing prices might significantly affect demand for the companies goods, so it may be more profitable to take a small hit to profits instead.