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