Import Tariff Hikes and Their Impact on Global Trade
Import Tariff & Global Trade In today’s interconnected world, global trade is a vital engine of economic growth, innovation, and development. However, one of the most disruptive tools in international trade policy is the import tariff—a duty imposed by governments on goods brought into their countries. When these tariffs are increased, the ripple effects are felt across industries, supply chains, and economies. 🔍 Understanding Import Tariffs An import tariff is a tax levied on imported goods. Its primary purposes are: Read Full Details…