Please answer the following questions regarding Tariffs:

1. In general, how do tariffs work? Where does the money received from tariffs go?

2. What happens when one country decides to place tariffs on imports from another country? Who is impacted? How?

3. Name 3-5 products that have had a tariff placed on them either at present or in the past? Did the tariff help manufacturers?You may have to do some of your own research.

4. Based on everything you have seen and heard, do you think tariffs are an effective trade strategy? Why or why not?