Economist Erica York joins Tax Foundation President Scott Hodge to discuss one of the most misunderstood issues in tax policy: tariffs.
Depending on your perspective, tariffs are either a great way to tax countries like China for their protectionist trade policies or they are a big reason why all those imported toys, clothing and holiday gifts cost more than you expected.
You'll learn what tariffs are, how they function, and how they can impact the domestic U.S. economy.
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