Delve into Cost of Goods Sold (COGS) in finance – a vital metric impacting your bottom line. Learn how to calculate it and its significance.

However, as economists and fact-checkers stressed, this is not the case. The companies importing the tariffed goods -- American companies or organizations in this case -- pay the higher costs.

Understand Trump's changing import tax plan, its implications, and how tariffs impact costs and trade in this comprehensive guide.