2 Tariff-Resistant Growth Stocks to Buy With $120 Ahead of May
A tariff is a financial penalty imposed on imported products to protect or promote domestic manufacturing. For example, some countries produce steel at a far lower cost than American manufacturers, so the U.S. could place a high tariff on imported steel from every country in the world to level the playing field for domestic producers.The Trump administration says it wants to encourage companies to manufacture more products in America, so a sweeping 10% tariff was imposed on all imported most goods from every country. He also enacted a series of higher "reciprocal tariffs" which are now on pause, pending negotiations (except those on Chinese imports, which remain in place).Image source: Getty Images.Continue reading
A tariff is a financial penalty imposed on imported products to protect or promote domestic manufacturing. For example, some countries produce steel at a far lower cost than American manufacturers, so the U.S. could place a high tariff on imported steel from every country in the world to level the playing field for domestic producers.
The Trump administration says it wants to encourage companies to manufacture more products in America, so a sweeping 10% tariff was imposed on all imported most goods from every country. He also enacted a series of higher "reciprocal tariffs" which are now on pause, pending negotiations (except those on Chinese imports, which remain in place).
Image source: Getty Images.