In 2018, when the Trump administration imposed a 25 percent tariff on imports from China, executives at Walmart sent a letter to U.S. Trade Ambassador Robert Lighthizer in which they stated, "For lower-income families, a 25% tax on these items would be a serious burden on household finances." Source: Tony Garcia, "Walmart, Target Warn That Tariffs Will Raise Prices and Hurt Families," marketwatch.com, September 24, 2018. Part 2 Were the Walmart executives correct to consider a 25 percent tariff on imports to be the equivalent of a 25 percent tax on their customers? Don't foreign firms exporting a good to the United States and not U.S. consumers buying the good have to pay the tariff? Briefly explain. A. No, because a tariff is a tax on imports that foreign firms are required to pay. B. Yes, because a tariff is a tax on imports and U.S. consumers pay the tax on the quantities imported. C. No, because while a tariff is a tax, it is paid by foreign firms on the total quantity of goods sold to consumers. D. Yes, a tariff acts like a tax, and just as with a tax, a tariff raises the price of the good