| Clip Of Q&A with Peter Liebhold

Video Clip: Defining Tariffs


The Smithsonian Institution's Peter Liebhold discussed the definition of tariffs and the different types of tariffs. He also spoke about the effects of tariffs on the economy and how they are used by politicians.

2 minutes


  • Fixed Cost
  • Import
  • Protective Tariff
  • Punitive
  • Retaliatory Tariff
  • Revenue
  • Rhetoric
  • Tax

Additional Resource