By angering foreign trade partners. (APEX)
By angering foreign trade partners
By angering foreign trade partners
By angering foreign trade partners
By angering foreign trade partners
By angering foreign trade partners. (APEX)
By angering foreign trade partners. (APEX)
By angering foreign trade partners. (APEX)
Tariffs hurt US citizens because the prices were increased and they had to pay high costs.
High tariffs can damage the U.S. economy by increasing the cost of imported goods, leading to higher prices for consumers and reduced purchasing power. This can result in decreased consumer spending, which negatively impacts domestic businesses reliant on consumer demand. Additionally, high tariffs can provoke retaliatory measures from other countries, harming U.S. exports and further stifling economic growth. Overall, such tariffs can disrupt global trade relationships and limit market competition.
One effect of high American tariffs caused foreign trade to almost stop. This had other countries angry with the US, which caused them to stop buying US goods and they raised their tariffs, which had a effect on the American economy.
Big business support tariffs because they want to limit competition. If it is expensive for foreign companies to sell goods in the US, businesses in the US can control the market.
No, Democrats Wanted High Tariffs, while Republicans wanted High Tariffs