The Impact of Tariffs on Retail Prices: Are Consumers Bearing the Brunt?

The Impact of Tariffs on Retail Prices: Are Consumers Bearing the Brunt?

Governments sometimes implement tariffs, which are essentially taxes on imported goods. These policies often aim to protect domestic industries or address trade imbalances. However, tariffs inevitably disrupt established supply chains and cost structures. This raises a critical question for everyday shoppers: Who ultimately pays the price? Do businesses absorb these extra costs, or are they…