Intro

Tariff (Noun): A tax or duty placed on a specific class of imports or exports.
Tax (Noun): A compulsory financial charge or levy imposed by a government on individuals or businesses.
Import (Noun/Verb): Bringing goods or services into a country from abroad for sale or use.
Export (Noun/Verb): Sending goods or services produced in one country to another country for sale.
Good (Noun): A physical item that can be bought or sold; merchandise or products.
Domestic (Adjective): Relating to one's own country; not foreign or international.
To impose (Verb): To establish or apply a rule, tax, or penalty in a forceful way.

This chapter explains the concept of tariffs and their role in international trade, detailing how they are implemented and their connection to tax policies. It also examines different types of tariffs and the impact of political decisions, particularly recent US presidential policies, on both domestic and imported goods.

Transcript

Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app