There is often talk in the recent news about increasing tariffs on some imports.

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There is often talk in the recent news about increasing tariffs on some imports.

There is often talk in the recent news about increasing tariffs on some imports. Watch your instructor’s video, https://cdnapisec.kaltura.com/index.php/extwidget/…to prepare for this week’s discussion.
Start your discussion by responding to these questions: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?
Be
sure to respond to at least one of your classmates’ posts and discuss
their explanation of who will ultimately pay these tariffs.
Hello classmates,
When the United States imposes tariffs on imports, the ultimate
burden of these tariffs is typically borne by consumers, businesses, or
both within the U.S. The immediate impact might be felt by the
exporting country over the long term, the cost is often passed on to
consumers in the importing country. Importers are the first to feel the
impact of tariffs. They are required to pay the imposed tariffs when
bringing goods into the country. Importers often pass on these costs to
consumers in the form of higher prices for the imported goods. This
can lead to increased prices for a range of products, affecting
consumers who purchase those goods. Domestic producers may benefit from
tariffs as they face less competition from cheaper imported goods.
This can lead to increased costs for businesses that rely on imported
raw materials. Consumers end up paying higher prices for goods affected
by tariffs. This can impact the cost of living and reduce the
purchasing power of consumers. The actual impact can vary based on the
specific circumstances, the type of goods involved, and the overall
economic conditions. The use of tariffs can have broader implications
for international trade relations and may lead to retaliatory measures
from trading partners.
The impact of tariffs is shared between foreign companies and
American consumers. The burden is typically shifted more towards
American consumers. Wen the U. S. imposes tariffs on imports, foreign
companies exporting goods to the United States may experience a
reduction in their profit margins. Because they either absorb the cost
of the tariff themselves, making their products more expensive for U.S.
consumers, or they may decide to reduce prices to remain competitive.
Foreign companies don’t directly pay the tariff; it is the importers in
the U. S. who are responsible for paying the tariff at the border. They
are required to pay the imposed tariffs when bringing goods into the
country. Importers often increase the prices of goods to compensate for
the higher costs imposed by tariffs. This can lead to higher prices
for a range of products, impacting the purchasing power and cost of
living for consumers. While foreign companies and American consumers
both share in the impact, the practical implementation often results in
American consumers paying a significant portion of the increased costs
associated with tariffs.
I think the impact of tariffs on Americans depends on various
factors. Tariffs can provide protection to domestic industries by
making imported goods more expensive. This may help protect jobs in
certain sectors and support domestic production. Tariffs are
implemented for national security reasons, aiming to ensure domestic
capability in key industries. A primary drawback is that tariffs often
lead to higher prices for imported goods. Importers pass on the tariff
costs to consumers, it can result in increased prices for a variety of
products, affecting the cost of living. Higher tariffs may limit the
variety of goods available to consumers, as some imported products
become less competitive or disappear from the market. Tariffs can
disrupt global supply chains leading to shortages or delays in obtaining
certain goods. This can impact both businesses and consumers.
Marilyn

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