Tariffs and Inflation

Recent political events have raise questions on how tariffs impact a country's economy. What is a tariff? Who pays the tariff? Will tariffs strengthen increase prices (inflation)? Or boost wages? Find our analysis of tariffs and inflation to see how how they might touch your wallet here. Let us know in the comments what your biggest concerns are regarding tariffs and inflation.

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"With looming import tariffs on the horizon, some people might be wondering what impact this may have on everyday costs for consumers. Some things to consider are if these countries (Mexico, Canada, China) will pay the tariffs, or if it is American companies, or American consumers who end up paying the price. There are also questions about how much of what we consume is imported, what the alternatives are, and if there will be retaliation."