Trade and Tariffs: The Impact on Consumers
ISQ – October 2024 09/10/2024 Eugenio J. Alemán, PhD, Chief Economist, Raymond James Giampiero Fuentes, Economist, Raymond James A tariff is a tax levied on imports. Historically, tariffs have been imposed to generate tax revenue or to protect domestic producers from competition in the form of cheaper foreign goods. In essence, tariffs artificially make domestically …