What is a tariff? A quick guide

Published on March 12, 2025

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Tariffs play a key role in US President Donald Trump’s economic strategy and diplomatic moves. But who truly benefits, and who pays the price? This video offers a quick overview of various tariffs and their impact on prices.

This content was published on March 12, 2025 - 09:00

What is a tariff? Tariffs are taxes governments impose on imported goods and servicesExternal link, rendering foreign products more expensive than domestically produced alternatives.

These customs duties can be used to protect domestic industries from foreign competition, raise government revenue, or address trade imbalances. Tariffs can also be used for diplomatic leverage.

Edited by Virginie Mangin

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SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.

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