ELI5: Explain Like I'm 5

Tariff

A tariff is a tax that a government puts on a product that is imported from another country. It's like an extra fee that the seller of the product has to pay. By doing this, the government makes it more difficult and expensive for people in their country to buy imported goods, and it also makes it more profitable for businesses to sell goods that were made in the country. The goal is to encourage people to buy more products that are made in the country and to help local businesses stay in business.