What does it mean by taxing imports and exports in the United States?

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter20: International Trade
Section: Chapter Questions
Problem 7QP
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What does it mean by taxing imports and exports in the United States?

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Imports are products and services that a country's inhabitants buy from outside the country instead of buying domestically made products. 

Exports are commodities and service that are manufactured in one country but sold to customers in another. 

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