Protective tariff... Apex :)
Revenue tariff - Earn Money for the Government Protective Tariff - Help domestic producers Retaliatory tariff - engage in a trade war
A retaliatory tariff is a tax that is imposed by one country because another country increased their tax rate. This is an act that is done in retaliation.
The Safeguard Measures Act protects domestic producers of goods by allowing the Secretary of the Tariff Commission to increase tariffs on imports. The intent is not to eliminate imports, but to allow domestic producers to remain competitive in the marketplace.
Revenue tariff: A 5% tariff on sugar to generate public revenue; Protective tariff: A 50% tariff on sugar to keep domestic sugar producers in business; Retaliatory tariff: A 500% tariff on sugar to reply to a high tariff imposed by another country. or sales tax- 8% charged on purchases of luxury goods excise tax- 20% tax charged on each pack of cigarettes capital gains- 15% charged on profits from selling commodities or revenue tariff- a 6% tariff on oranges to provide money for the government protective tariff- a 50% tariff on oranges to shield domestic orange growers from international competition retaliatory tariff- a 200% tariff on oranges to reply to a high tariff imposed by another country
The tariff raised the average duty on imports to almost fifty percent, an act designed to protect domestic industries from foreign competition. The McKinley Tariff was replaced with the Wilsonâ??Gorman Tariff Act in 1894, which promptly lowered tariff rates.
A tariff adds value to the Gross Domestic Product on imports.
The McKinley tariff was passed to raise the average duty on imports to almost 50 percent. It was designed to protect domestic industries?æfrom foreign competition and was condemned by the Democrats.
to increase the prices'
Tariff's. These are tax's on either imports or exports designed to make them look dearer in order to promote domestic business
A PROTECTIVE tariff is intended to artificially inflate prices of imports and protect domestic industries from foreign competition.
PROTECTIVE tariff
Protective tariff