Trade and TariffsThere is often talk in the news recently about increasing tariffs on some imports. Watch the video (Incidence of a Tariff) to prepare for this week’s discussion.Reply to these questions in your post: When the United States puts tariffs on imports, who do you think ultimately pays these tariffs? Is it the foreign companies selling here, American consumers, or both? Explain your answer. Is it good or bad for American consumers when the United States puts tariffs on imports?Discuss globalization with your peers: Reply to a classmate and discuss his or her explanation of who will ultimately pay these tariffs.