the.com/tariffs
a tax on foreign goods that domestic consumers pay while politicians point at other countries.
means a government fee charged on imports, meant to protect local industries by making foreign goods pricier.
from from french tarif, from arabic ta'rif meaning notification, originally just a schedule of fees at ottoman ports.
who paysimporters, who pass costs to consumers
smoot-hawley1930 tariffs worsened the great depression
revenue historyfunded most of us government before income tax