this post was submitted on 06 Apr 2025
61 points (95.5% liked)

Explain Like I'm Five

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What exactly are tariffs and how do they work? (lazysoci.al)
submitted 6 days ago by CheeseToastie@lazysoci.al to c/explainlikeimfive@lemmy.world
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I have 0 maths or economy skills, so I do need it explained like I'm 5. They're in the news a lot atm but I just don't understand them

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[โ€“] HocEnimVeni@lemmy.world 4 points 6 days ago (1 children)

Its like the fry tax. When you go through the drive through and the fry enters the car its like goods entering the country but instead of your dad eating a fry and giving you the rest an amount of money has to be paid based on the value of the goods.

[โ€“] CheeseToastie@lazysoci.al 2 points 6 days ago

Haha I like this one