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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.

How do tariffs work? from CNBC.

Source: CNBC.com – video report

Date: Aug 14, 2018

Link: https://www.cnbc.com/video/2018/08/14/how-do-tariffs-work.html

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?

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