Source: Rhonda Garrison, SOUTHERN FARM NETWORK, 3/7/17

Mary:  I’m Mary Walden with economist MW, welcoming you to the economic perspective.  Today’s program looks tariffs, prices, and incomes.  Mike, there’s talk the United States is considering imposing tariffs on imported products.  I have three questions. First, what is a tariff?  Second, why might tariffs be imposed?  And third, what might be the impact on consumers, particularly of different income levels?

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