Tariff Impact on Inflation Report: Analyzing Costs for Citizens.
This act requires the government to prepare a report on how tariffs and other trade restrictions imposed since 2018 affect consumer prices. The goal is to understand if and to what extent these fees contribute to the rising cost of living for citizens, both through more expensive imported goods and their impact on domestic product prices.
Key points
The government will study how tariffs and trade restrictions impact inflation, meaning price increases.
The report aims to show if customs duties raise the prices of imported products and if they affect the prices of domestically produced goods.
The report's findings may help assess whether current trade policies are increasing citizens' daily expenses.
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