Public Finance Management - Tariffs: An Easy Guide | What Is a Tariff | Why Are Tariffs Important? | 6 Reasons for Tariffs?

​Tariffs are a form of taxes or duties imposed on imports into the country. They are commonly used in international trade as a protectionist measure, with the aim of benefiting domestic producers and raising revenue. In this video, we’ll cover • What Is a Tariff? • How Does a Tariff Work? • Why Governments Impose Tariffs • Unintended Side Effects of Tariffs • Advantages and Disadvantages of Tariffs • Why Are Tariffs Important? List of Reference • https://www.brookings.edu/articles/what-are-tariffs-and-why-are-they-rising/ • https://www.investopedia.com/terms/t/tariff.asp • https://www.trade.gov/import-tariffs-fees-overview-and-resources#:~:text=Tariffs%20and%20taxes%20increase%20the,your%20competitiveness%20in%20the%20market.• https://www.cfr.org/backgrounder/what-are-tariffs • https://www.usitc.gov/publications/332/working_papers/ecwp-2017-07-a-07-13-17_revision3_0.htm#:~:text=First%20and%20foremost%2C%20a%20tariff,import%2Dcompeting%20part%20of%20the • https://www.whitehouse.gov/cea/written-materials/2024/07/12/tariffs-as-a-major-revenue-source-implications-for-distribution-and-growth/#:~:text=To%20begin%2C%20these%20tariffs%20will,is%20sold%20both%20domestically%20and• https://cals.ncsu.edu/news/you-decide-what-are-the-impacts-of-tariffs • https://www.investopedia.com/articles/economics/08/tariff-trade-barrier-basics.asp • https://www.mckinsey.com/capabilities/geopolitics/our-insights/tariffs-on-the-move-a-guide-for-ceos-for-2025-and-beyond Subscribe To Our Channel: https://www.youtube.com/@ConsultKano?sub_confirmation=1 Join Our Exclusive Membership Community: https://www.youtube.com/c/KanoConsultants/join Website: https://www.consultkano.com/ Social Media Links: 1. Facebook: https://www.facebook.com/ConsultKano 2. TikTok: https://www.tiktok.com/@consultkano 3. Patreon: https://www.patreon.com/consultkano 4. Instragram: https://www.instagram.com/consultkano/ 5. Linked-In: https://www.linkedin.com/company/consultkano/ 6. Website: https://www.consultkano.com/home 7. Pintrest: https://za.pinterest.com/consultkano/ 8. Twitter: https://twitter.com/consultkano #What Is a Tariff, Why Tariff Are Important, Why Governments Impose Tariffs, Advantages and Disadvantages of Tariffs, What is a tariff?, What are the aims of tariffs?, How Do Tariffs Function? Who pays for Tariffs, Who pays the Tariff, Who Bears the Burden of Tariffs?, Who Collects a Tariff?, Why do countries impose tariffs?, What tariffs did the Trump administration raise and why?, US Tariffs, BRICS, history of tariffs, What are the two main types of recent tariffs?, Unintended Side Effects of Tariffs Disclaimer: This publication and the information included in it are not intended to serve as a substitute for consultation with a professional. Specific issues, concerns and conditions always require the advice of an appropriate professional advisor. The use of the contained information is at the user's own discretion.