Tariffs

by Colin Murray

The tariffs are essentially a tax on any imported goods being sold in America, put in place by the U.S. government, but has been put on pause for 90 days with the exception of China which is still being affected by these tariffs. Any imports from China will be increased by at least 125%. The original increase on Chinese goods was 20% but we still don’t know why the increase in rates or why only China. These tariffs were supposed to be for all nations that are not American including our neighbor country, Canada. These tariffs put everyone in a spiral for around 3-4 days. My mother even bought a new car originally for the reason that she didn’t know if the tariffs would affect her down payments. This would mean more revenue for all American companies if the tariffs weren’t being put on pause making most imported brands scramble for one last money grab before they almost go under due to the fact that no one would want to buy from them anymore, but since there is a pause these other imported companies that aren’t Chinese will 90 day of saving grace.