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There is often talk in the news recently about increasing tariffs on some imports. Watch the video (Incidence of a Tariff) to prepare for this week’s discussion.
Reply to these questions in your post:
When the United States puts tariffs on imports, who do you think ultimately pays these tariffs? Is it the foreign companies selling here, American consumers, or both? Explain your answer.
Is it good or bad for American consumers when the United States puts tariffs on imports?
Please no citations or references. Only one paragraph with a question at the end followed by the answer.