Tariffs have taken over business conversations the last few weeks. It’s obvious many do not actually understand how they work. As a co-owner of a company that imports and exports many items, I thought it would be helpful to many if I explained them clearly and simply so farmers, greenhouse operators and growers of all types could understand and prepare for how they might impact their businesses.
What is a tariff?
Simply put, a tariff is a tax (also called a duty) paid on imports or exports of goods coming in or out of a country.
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