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What would be a likely long term benefit of a country imposing high tariffs on imported goods?
Wiki User
∙ 12y ago
By making tariffs you support businesses and people to buy domestic goods that makes the country strongest and the goods that are necessary to import you make money on , go to http://bussinessmouse.googlepages.com
Wiki User
∙ 14y ago
Wiki User
∙ 12y agoIndustries in the country would develop and become more competitive with foreign industries.
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How did hamilton plan to protect US merchants?
Hamilton planned to protect the US merchants by imposing high tariffs on imported goods. This in turned would cause Americans to buy goods made in the US.
What things have tariffs?
A tariff may be applied by a country A on a product P which is imported from country B. Different countries have different rules about whether or not they impose tariffs depending on the product and partner country. The question, therefore, needs to be more specific.
Most tariffs are placed on?
imported goods such as trading and imports
Why did Adams want to pass a tariff om imported manufactured?
Answer this question… The British were charging high tariffs on imported American goods in England.
Laws calling for a tax on imported goods is called?
Townshend Acts when refering to American History around the time of the American Revolution
What does imposing tariffs mean?
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.
When country's create tariffs they?
set taxes on imported goods
Congress protected the New England textile industry by imposing?
By imposing tariffs.
Is there any disadvantage to a government placing a tariffs on imported goods?
Yes, the main disadvantage of a government placing tariffs on imported goods is increased cost and a possible retaliation tariff from the exporting country. Tariffs make the goods more expensive for the consumer.
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.
What is the main primary tariffs of goods that are imported into the US?
what is primary tariffs of goods that are imported into the United States?
What would happen if the EU put tariffs on bananas?
Tariffs are forms of proctectionism or trade barriers. By imposing tariffs, it can affect the market for bananas in EU and also the country which it imports from. From my understanding, there can be many effects from the tariffs and it can be analysed from a very complicated perspective using graphs. Generally, the buyers in EU will face a higher price of imported bananas, while the sellers in EU can benefit from the tariff, as more can be sold by the domestic seller to the domestic buyer. A tariff increases the price of the imported bananas as it's a cost to the importer. A tariff imposed will also mean that there is a tax revenue from the tariff to the EU government. For exporter of bananas to EU, they experience higher cost, and unfair trade practices. Hope this helps (cheong@bgymail.gd.cn)
What is the main purpose of tariffs on imports?
Tariffs provide revenue for the country buying the imported goods. If a country wants to export goods to a country, they have to pay a tariff(tax) to be allowed to do so. China pays very low tariffs to the US on the goods they export to us.
Did the constitution ban states from imposing tariffs helping goods to flow freely around this country?
ahaha. You're in Clattenburgs arent you?
Did the constitution ban states from imposing tariffs helping goods to flow freely around the country?
ahaha. You're in Clattenburgs arent you?
How did protective tariffs benefit American manufacturers in the early 1800s?
American-made goods were less expensive than similar imported goods.
Is there a disadvantage to a government placing a tariff on imported goods?
Yes, the main disadvantage of a government placing tariffs on imported goods is increased cost and a possible retaliation tariff from the exporting country. Tariffs make the goods more expensive for the consumer.
