Tariffs are special taxes that governments impose on goods and services imported from other countries. Think of them as extra fees that get added when someone brings foreign goods into a country. These taxes have been in place for hundreds of years, and countries utilize them for various purposes. Some want to protect their businesses from foreign competition, while others aim to increase government revenue.
When a ship full of cars from Japan arrives at an American port, someone has to pay a tariff before those cars can be sold. The same thing happens with phones from South Korea, clothes from Vietnam, or coffee from Brazil. Every single item that crosses a border might face these special taxes. The amount can vary depending on the...