Democrat activists hope to make the 2026 elections all about President Trump’s tariff policy, which is understandable, considering how unpopular the Democrat party’s own platform has become in recent years.
But there are a lot of misunderstandings about international trade, so let’s take a look at a few of them as Election Day approaches.
Q: What are duties and tariffs?
A: Most countries assess taxes on most goods coming in from other countries. There’s a basic import duty, usually a percentage of the overseas vendor’s sale price, and then there are sometimes other tariffs on top of that.
But there are a lot of misunderstandings about international trade, so let’s take a look at a few of them as Election Day approaches.
Q: What are duties and tariffs?
A: Most countries assess taxes on most goods coming in from other countries. There’s a basic import duty, usually a percentage of the overseas vendor’s sale price, and then there are sometimes other tariffs on top of that.
