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Are tariffs a tax on American people? Tariffs are a type of tax imposed on imported goods, and their cost is typically passed on to American consumers through higher prices. Most economists and tax experts agree that although tariffs are charged to importers, the increased costs are routinely absorbed by businesses and ultimately by consumers in the form of higher retail prices[2][4][3]. This results in tariffs functioning as an indirect tax on Americans.
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Are tariffs a tax on American people? Tariffs are a type of tax imposed on imported goods, and their cost is typically passed on to American consumers through higher prices. Most economists and tax experts agree that although tariffs are charged to importers, the increased costs are routinely absorbed by businesses and ultimately by consumers in the form of higher retail prices[2][4][3]. This results in tariffs functioning as an indirect tax on Americans.
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