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OpenStudy (codyhelton75):

what is "tariffs"?

OpenStudy (bigbosssaint21):

A tax imposed on imported goods and services. Tariffs are used to restrict trade, as they increase the price of imported goods and services, making them more expensive to consumers.

OpenStudy (codyhelton75):

@ImNotBrittney

OpenStudy (codyhelton75):

@Bigbosssaint21 so basically a sales tax?

OpenStudy (imnotbrittney):

Basically what @Bigbosssaint21 said .. there taxes that were put on imported good and services ..

OpenStudy (codyhelton75):

but like i said sales tax?

OpenStudy (bigbosssaint21):

kind of, its a tax made to make buying stuff from certain counties so hard that you no longer want to buy it, thus making trade with them diminish

OpenStudy (codyhelton75):

ok gotcha thanx both of u

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