Imani’s mother went to college in Paris and developed a love of French cheeses. Imani has grown to love imported cheeses as well and looks forward to her mother serving them after a delicious French meal. Lately, Imani’s mother has noticed that their favorite cheese costs more than usual.

A tariff is a tax on goods imported from another country. Because the cheese comes from France, a tariff could raise the cost of bringing it into the country, making it more expensive for Imani’s family. An excise tax applies to particular goods or activities within a country, while estate and corporate income taxes apply to different kinds of income or assets.

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