Tariffs Only Affect Certain Industriessaweang.w / Shutterstock.comThis myth is false and that tariffs will impact multiple sectors of the domestic economy. Tariffs Will Improve Domestic WagesNanoStockk / iStock via Getty ImagesThis misconception about tariffs needs to be immediately stopped, as tariffs can rarely lead to any wage increase, especially widespread ones. Tariffs Can Protect American Jobswarrenlemay / FlickrThere may be some truth to this myth, as tariffs may help protect a small number of domestic industries, but tariffs will harm most industries. The Government Pays TariffsFevziie / Shutterstock.comOne of the biggest and most dangerous misconceptions is that the government will carry the burden of tariff costs. Tariffs Are Just a “Sales Tax”designer491 / Getty ImagesThere is a vast misunderstanding that tariffs and sales taxes are the same.