How a tariff ends up in a price tag

Process map by Brian. 14 steps, 1 layer. Tags: economy, politics, trade, news.

  1. The government: A tariff is announced on a type of import
  2. The importer: The importer pays the tax at the border
  3. The importer: Absorb it, raise prices or change suppliers?
  4. The importer: A smaller profit
  5. The consumer: Prices go up, or choices change
  6. The consumer: Buy less, substitute or pay more
  7. Other countries and domestic makers: Domestic makers may sell more; other countries may retaliate
  8. The government: Revenue, jobs and prices are weighed
  9. The government: Keep, change or remove the tariff?
  10. The government: It stays in place
  11. The government: It is adjusted: new rates or exemptions
  12. The government: It ends
  13. The retailer: The retailer decides how much to pass on
  14. The importer: Find another country or a domestic supplier

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