The Tax Foundation defines a tariff as "taxes imposed by one country on goods imported from another country." Here's what that means.
Tariffs are meant to burden companies that import their goods. They're supposed to incentivize American companies to produce or purchase their products from other American companies.
By increasing tariffs on foreign goods, the importer—the American company—pays a higher tax on those goods. To offset that tax, many of these companies raise the prices of those items. That price increase is passed onto the consumer.
While imported goods become more expensive under higher tariffs, domestic products become cheaper simply because they're subject to less tax. Ultimately, however, higher tariffs equal higher prices on most products that Black households regularly purchase, such as electronics, clothing, and food.
There are instances where tariffs are necessary to push domestic companies to produce more. However, the more tariffs and the higher they are on foreign goods, the higher the cost to Black American consumers.