How do tariffs work? Who pays, who collects and more


US President Donald Trump. — Reuters

US President Donald Trump has defied decades of economic convention by imposing punitive tariffs on goods from some of the country’s most important trading partners.

Undeterred by warnings that the measures could trigger a recession, he is now planning a second wave of import levies that could make selling into the world’s biggest economy more expensive than at any point in the past century.

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US , tariff , Donald Trump , US CBP

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