What are tariffs?
Donald Trump has been talking about introducing and increasing tariffs on goods and products imported into the USA.
Today, let’s take a deeper look at tariffs. We’ll talk about the definition of tariffs, real world examples, and the pros and cons of the US introducing tariffs!
Transcript - https://thinkinginenglish.blog/2024/12/02/321-what-are-tariffs-english-vocabulary-lesson/
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Vocabulary
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Tariff (Noun): A tax or duty placed on a specific class of imports or exports.
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Tax (Noun): A compulsory financial charge or levy imposed by a government on individuals or businesses.
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Import (Noun/Verb): Bringing goods or services into a country from abroad for sale or use.
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Export (Noun/Verb): Sending goods or services produced in one country to another country for sale.
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Good (Noun): A physical item that can be bought or sold; merchandise or products.
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Domestic (Adjective): Relating to one's own country; not foreign or international.
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To impose (Verb): To establish or apply a rule, tax, or penalty in a forceful way.
Borough by Blue Dot Sessions
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