protect home industries from foreign competition
tax
protect home industries from foreign competition
Revenue tariff - Earn Money for the Government Protective Tariff - Help domestic producers Retaliatory tariff - engage in a trade war
protective tariff
The purpose of a protective tariff. First of all, what is a protective tariff? It is a tax on imported goods (or goods that come into the country).So, a protective tariff would be one that protects the country from foreign competition. For example, the tariff of 1828. Northern prices were getting too high for the South to be able to pay, so instead the South bought its goods from other countries(England mainly). The Northern ecconomy was hurt because of this so Northern senators chose to place a tariff on all imported goods from foreign countries, thus protecting their industries.
A high tariff to limit foreign competition is called a protective tariff.
Sometimes a country suffering from a protective tariff will enact a tariff of its own on a product.
Tariff of abominations
Protective tariffs
1816
No
yes he was