With the U.S. once again sharpening its trade tools, tariffs are back in the headlines. But beyond the political theater, what exactly are tariffs-and more importantly, what aren't they? What are tariffs and how do they work? At their core, tariffs are taxes imposed on imported goods. They raise the cost of those goods at [...]The post Understanding tariffs: Impact on global trade and US policy 2025 appeared first on Vesper.