About increasing tariffs on some imports

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Reference no: EM134027766

Question

There is often talk in the recent news about increasing tariffs on some imports. When the United States puts tariffs on imports, who do you think ultimately pays these tariffs? Is it the foreign companies selling the import, American consumers, or both? Explain your answer.

Is it good or bad for American consumers when the United States puts tariffs on imports?

Reference no: EM134027766

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