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What does imposing tariffs mean?

Updated: 8/23/2023
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Eiland32

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11y ago

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A tariff is a tax paid on goods brought into a colony or country; tariffs protect internal production by raising the price of imported goods.

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Wiki User

15y ago
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Wiki User

11y ago

Taxes on import and export products

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Congress protected the New England textile industry by imposing?

By imposing tariffs.


What is an effort to punish another nation by imposing trade barriers?

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Why did the US put tariffs on forgein goods?

Throughout US history and also on a world wide basis, tariffs are used most often to protect homeland industries from foreign competition. The US did this allot and in the antebellum days, tariffs were used to protect the US's manufacturing revolution safe by imposing tariffs on imported goods.


Which instrument do countries use to restrict competition from abroad?

Countries restrict competition from abroad by imposing fees on foreign goods in the form of duties or tariffs, for example.


What dose lofty mean?

"Lofty" means something that is elevated in height or position, or something that exudes grandeur, noble ideals, or aspirations. It can also refer to a person who behaves in a superior or grand manner.


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How did Hamilton propose to encourage Americans to support local manufacturing?

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