Tariffs on imported goods can lead to increased costs for consumers. These taxes are typically paid by domestic importers at the border or point of entry. The additional cost is often passed on to consumers, with the percentage increasing over time.

Tariffs affect not only finished goods but also imported inputs used by US manufacturers. This can reduce their competitiveness and raise costs. Many US-manufactured products, such as consumer electronics and machinery, rely on imported components.

Further details on the impact of tariffs are available from the source, including information on the automotive and construction industries.