{"id":67987,"date":"2024-11-29T09:08:07","date_gmt":"2024-11-29T00:08:07","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2024\/nov\/29\/what-are-tariffs-and-how-do-they-work-explained-in-30-seconds"},"modified":"2024-11-29T09:08:07","modified_gmt":"2024-11-29T00:08:07","slug":"what-are-tariffs-and-how-do-they-work-explained-in-30-seconds","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=67987","title":{"rendered":"What are tariffs and how do they work \u2013 explained in 30 seconds"},"content":{"rendered":"<p>Fodder for protectionism, protracted trade wars, and the \u2018most beautiful word\u2019 in Donald Trump\u2019s vocabulary \u2013 how do tariffs actually work?<\/p>\n<p>A tariff is a <a href=\"https:\/\/taxfoundation.org\/taxedu\/glossary\/tariffs\/\">type of tax<\/a> imposed on goods when they cross national borders, often used by governments against trading partners they disagree with or to protect local industries.<\/p>\n<p>Tariffs slapped on foreign imports make them more expensive, ostensibly providing a price advantage to locally made goods, while also <a href=\"https:\/\/www.wto.org\/english\/tratop_e\/tariffs_e\/tariffs_e.htm\">raising revenues for governments<\/a>.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2024\/nov\/29\/what-are-tariffs-and-how-do-they-work-explained-in-30-seconds\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fodder for protectionism, protracted trade wars, and the \u2018most beautiful word\u2019 in Donald Trump\u2019s vocabulary \u2013 how do tariffs actually work?A tariff is a type of tax imposed on goods when they cross national borders, often used by governments against tr&#8230;<\/p>\n","protected":false},"author":4492,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[244,50,415,437,1405,47,42],"tags":[],"class_list":["post-67987","post","type-post","status-publish","format-standard","hentry","category-canada","category-china","category-donald-trump","category-economics","category-mexico","category-us-news","category-world-news"],"aioseo_notices":[],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/67987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/4492"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67987"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/67987\/revisions"}],"predecessor-version":[{"id":67988,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/67987\/revisions\/67988"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}