321. What are Tariffs? (English Vocabulary Lesson)

What are tariffs? Donald Trump has been talking about introducing and increasing tariffs on goods and products imported into the USA. Today, let’s take a deeper look at tariffs. We’ll talk about the definition of tariffs, real world examples, and the pros and cons of the US introducing tariffs! Transcript - https://thinkinginenglish.blog/2024/12/02/321-what-are-tariffs-english-vocabulary-lesson/ My Links ⁠⁠⁠⁠⁠⁠⁠⁠⁠Patreon - ⁠https://www.patreon.com/thinkinginenglish⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TEST YOUR ENGLISH LEVEL - ⁠https://thinkinginenglish.link/placement-level-test/⁠⁠⁠⁠⁠⁠⁠ Thinking in English Bonus Podcast - ⁠https://www.patreon.com/collection/10513⁠⁠⁠ NEW YOUTUBE Channel!!! - ⁠https://www.youtube.com/@thinkinginenglishpodcast⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠INSTAGRAM - thinkinginenglishpodcast (⁠https://www.instagram.com/thinkinginenglishpodcast/⁠) ⁠⁠⁠⁠⁠⁠⁠ Blog - ⁠https://www.thinkinginenglish.blog⁠⁠ Vocabulary Tariff (Noun): A tax or duty placed on a specific class of imports or exports. Tax (Noun): A compulsory financial charge or levy imposed by a government on individuals or businesses. Import (Noun/Verb): Bringing goods or services into a country from abroad for sale or use. Export (Noun/Verb): Sending goods or services produced in one country to another country for sale. Good (Noun): A physical item that can be bought or sold; merchandise or products. Domestic (Adjective): Relating to one's own country; not foreign or international. To impose (Verb): To establish or apply a rule, tax, or penalty in a forceful way. ⁠ Borough by Blue Dot Sessions⁠ --- Support this podcast: https://podcasters.spotify.com/pod/show/thinking-english/support Learn more about your ad choices. Visit megaphone.fm/adchoices