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https://www.usatoday.com/gcdn/authoring/authoring-images/2024/11/15/USAT/76333393007-20241115-t-091523-z-587917495-rc-2-f-4-baok-947-rtrmadp-3-globalinvestorstrump.JPG?crop=2290,1288,x0,y119&width=1600&height=800&format=pjpg&auto=webp
Put simply, tariffs are a tax on imports. Here’s what Donald Trump did with them in his first term and how they impact the economy.