Tariff
What is a tariff?
A tariff, sometimes referred to as a duty or levy, is a form of taxation imposed by one country on goods or services imported from another country.
The primary purpose of a tariff is to make goods from other countries more expensive in order to protect domestic producers, suppliers and labor. Prior to the introduction of income tax in the early 20th century, tariffs were the major source of income for governments around the world.
Who pays tariffs?
In one sense, we all do. The company importing foreign goods is expected to pay the tariffs directly to their government once the imported items have cleared customs. That company will then often pass the costs of those tariffs onto the domestic consumer by increasing retail prices.
You may also be interested in:
Why are tariffs important?
In addition to being a source of income for governments and a means of protecting domestic businesses, tariffs are often used for ulterior motives. Governments can use tariffs to extend their foreign policy, such as restricting trade with particular countries as well as exercising international economic leverage - all through the means of their goods and services.
I made sure everyone knew the whole process on scales
I worked with the elite Craig Feldman and many others! I knew the importance of every operation! The shredder the importance of the shredder accounts receivable and payable! The corn time for not inspecting! The loss and profit!
I work at at recycling business for many years different companies. I think to look into that more so! Look at what we can recycle to produce products! I have work for Nucor now but many other companies! I see the opportunity and to gain the freedom of not imports! I also seen imports coming from china. I think recycling can become a big commodity! Not rely on other resources!