What Are Tariffs? (The Lowdown, No Econ Degree Needed) Imagine you’re snagging a $20 phone case from some overseas site (because Gen Z doesn’t pay full price, duh). A tariff’s that extra fee—say, 10%—the U.S. tacks on when it crosses the border. So, that $20 becomes $22, paid by the importer (the company shipping it in), who then decides whether to eat the cost or nudge it onto you. Spoiler:…
