Imposing New Tariffs During the Pandemic Could Have a Detrimental Impact on Society, and Here’s Why:
While the merits of imposing tariffs are highly disputed, Americans should agree on one thing: no new tariffs during the Pandemic. A tariff is a government levied tax on an imported good. As a general rule, the importing party pays the tariff once the good passes through customs at any American port. The leading argument for imposing tariffs is that tariffs can protect American industries by raising the price of foreign goods, which allows comparable American products to compete at an advantage. Ignoring the merits of this reasoning, it is impossible to ignore the truth, which is American consumers and businesses are often burdened with higher prices as a result of tariffs.
This post was originally published on the Cardozo International & Comparative Law Review on March 2, 2022. The original post can be accessed via the Archived Link button above.
Grosinger, Samantha, "Imposing New Tariffs During the Pandemic Could Have a Detrimental Impact on Society, and Here’s Why:" (2022). CICLR Online. 42.