Tariffs - what are they, who pays them, and does it affect me?

In this podcast, host Krish Palaniappan delves into the complex topic of tariffs. He begins by defining what tariffs are and their relevance in current economic discussions. The conversation explores who pays tariffs, how they are calculated, and the variability of rates across different countries. Krish also discusses the implications of tariffs on trade imbalances and currency manipulation, providing specific examples to illustrate their impact on consumers and businesses. The episode concludes with reflections on the broader effects of tariffs in the context of international trade and economic policy. In this conversation, Krish Palaniappan delves into the complexities of tariffs, their purposes, and their impact on trade and markets. He discusses how tariffs can protect domestic industries, generate government revenue, and address unfair trade practices. The conversation also explores trade imbalances, the intricacies of supply chains, and the geopolitical factors influencing tariff negotiations. Finally, Krish touches on the broader implications of tariffs on market dynamics and investor behavior.