A tariff is a tax imposed by a government on imported goods, which makes foreign products more expensive and gives local sellers a competitive advantage, but ultimately results in consumers paying higher prices for those goods.
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When the government makes the ice cream more expensive on purposeAdded:
Koala sees ice cream. Koala wants cheap.
New rule. Ice cream from far away now costs more leaves.
Koala confused? Same ice cream, higher price. Koala pays more leaves.
Koala sad.
Why? Because outside ice cream gets taxed. Now local seller smiles.
Tariff is this, mate. Make outside ice cream expensive so local wins. But Koala Koala pays more.
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