What is the Tariff? Who Pays for them and Why?

What is the Tariff? Who Pays for them and Why?

The United States government first implemented tariffs shortly after the Constitution’s ratification to help fund the young nation’s government. Over time, these taxes on internationally traded goods largely fell out of favor, only to resurface between World Wars I and II before fading again. Recently, tariffs have once again emerged as a favored policy tool,…