Video instructions and help with filling out and completing Will Form 843 Tariffs

Instructions and Help about Will Form 843 Tariffs

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 government's 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 are 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