jarrod is looking for a pickup truck for his small us - based business. he wants to buy a truck made in…

jarrod is looking for a pickup truck for his small us - based business. he wants to buy a truck made in another country. when he goes to the dealership, he discovers that the price of the foreign - made truck is higher than us - made trucks. when he asks the salesperson about the higher price, the salesperson replies that it is because of a us tariff placed on foreign - made trucks. how does a tariff increase the price of foreign - made trucks? it makes shipping trucks to the united states more expensive. it is added to the price of foreign - made trucks sold in the us. it increases the cost of building trucks for the us market. it is added to the price of all trucks sold in the united states.

jarrod is looking for a pickup truck for his small us - based business. he wants to buy a truck made in another country. when he goes to the dealership, he discovers that the price of the foreign - made truck is higher than us - made trucks. when he asks the salesperson about the higher price, the salesperson replies that it is because of a us tariff placed on foreign - made trucks. how does a tariff increase the price of foreign - made trucks? it makes shipping trucks to the united states more expensive. it is added to the price of foreign - made trucks sold in the us. it increases the cost of building trucks for the us market. it is added to the price of all trucks sold in the united states.

Answer

Brief Explanations:

A tariff is a tax on imported goods. When the US places a tariff on foreign - made trucks, this tax is added to the price of these trucks sold in the US, increasing their cost for consumers. It doesn't directly affect shipping costs, the cost of building for the US market, or the price of all trucks (only foreign - made ones).

Answer:

It is added to the price of foreign - made trucks sold in the US.