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)
In certain situations, throughout the 19th and 20th centuries, tariffs have always been a subject of nations' economic progress. Tariffs area tax on imported products and the US government has control over tariffs. When tariffs are abused it forces consumers to pay more for imported goods. This often times helps domestic companies which because of tariffs forces people to buy from them.There was a period of time in 19th century US, where the Southern populations was forced to buy goods from Northern factories, at a higher price than would otherwise be except for these "protective" tariffs. It also was a strain on the entire economy.
Protective tariffs had a few effects in the American economy. The main effect that it had was pricing.
Protective tariffs
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.
By angering foreign trade partners