Description: The U.S. imports more than $500 billion worth of goods from China, of which some goods are subject to a customs duty. CNBC’s Uptin Saiidi explains how increased tariffs can impact an economy.
Source: CNBC.com – video report
Date: Aug 14, 2018
Questions for discussion:
- Summarize the reasons for introducing or increasing tariffs?
- Do you think tariffs affect the way American consumers shop for products?
- How should American importers deal with the rising costs associated with tariffs?