Title: What Are Tariffs and How Do They Affect You?
Headings: What Are Tariffs and How Do They Affect You?
What Are Tariffs and How Do They Affect You?
Tariff Basics
Key Takeaways
How a Tariff Works
Trump's Tariffs
Trump and China
Impact on the U.S.
What Tariffs Do FAQs
What Is a Tariff Example?
What Is the Purpose of a Tariff?
Who Benefits From a Tariff?
How Do Tariffs Hurt Consumers?
How Do Tariffs Affect You?

Content: Domestic businesses also benefit from tariffs because it makes their goods cheaper than imported goods, therefore, driving up the demand for their products. How Do Tariffs Hurt Consumers? Tariffs hurt consumers because it increases the price of imported goods. Because an importer has to pay a tax in the form of tariffs on the goods they are importing, they pass this increased cost onto consumers in the form of higher prices. How Do Tariffs Affect You? If you are a consumer, tariffs affect you because they result in an increase in the price of imported goods. If you are a domestic producer, tariffs can help you by making your goods cheaper when compared to international goods, helping your business. If you export your goods to other countries that impose tariffs, then this may reduce the demand for your goods, hurting your business.