What are tariffs? | tariffs | US tariffs on China | Tariffs effects on US markets? - video Dailymotion

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00:00Tariffs are basically taxes on goods and services imported from another country.

00:05Consumer to be affected most from these high taxes.

00:09These items would either become unavailable or would be extremely expensive to buy.

00:14Technology-related items such as electronics, semiconductors, parts, consumer products like

00:20apparel, footwear, and household items, industrial equipment like machinery and tools would be

00:25affected by the taxes.

00:27Automotive industry in U.S. would hit quite bad with cheap vehicle parts such as car

00:31parts, tools, would be expensive or unavailable.

00:34These are some things Americans would have to face due to high tariffs on China.

What are tariffs? | tariffs | US tariffs on China | Tariffs effects on US markets?

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