Everybody's affected by them. They are everywhere. Countries have spent decades negotiating them. Tariffs are a fact of life and to talk about them, we choose to be at the place where they matter the most - the border. What's your best definition of Authority? It's a tax on imported goods. Tariffs don't appear on receipts like sales tax or value-added tax, they are a hidden tax. Governments typically use tariffs to boost revenue and to protect specific sectors of their economy. Tariffs do make products more expensive, there's no question about that. They are mostly paid by the importer, but ultimately the consumer pays the price, you and I. Since the World Trade Organization was established in 1995, the average world life has been brought down by almost 50 percent. Negotiations at the WTO have been responsible for bringing down many of those tariffs. Deborah team members negotiate the maximum tariffs that they will apply on all sorts of products entering their country. They commit to not exceed those levels, and in fact, they can charge less. Once a country has defined the tariffs it wants to apply, it has to offer the same duty level to all WTO members - no discrimination, no enemies. All of this allows trade to flow in a stable, predictable, and transparent manner. Did you know that when the crew of the Apollo 11 came back to earth, they'd have to fill in a customs declaration for the moon rocks? Interesting! Music. Music.