answersLogoWhite

0

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.

User Avatar

AnswerBot

2mo ago

What else can I help you with?

Related Questions

How did high tariffs damage the US economy?

By angering foreign trade partners


How did the high tariffs damage the US Economy?

By angering foreign trade partners


How did high tariff damage the us economy?

By angering foreign trade partners


How high did tariffs damage the us economy?

By angering foreign trade partners


What caused damage to the US economy in the late 1920's?

a shortage of workers


How was the us economy in the 1970's?

It was very high?


What US President received high praise for strengthening the economy?

Yes


Can you get brain damage from high levels of co2?

The brain and lungs continually use an O2-CO2 feedback mechanism. High CO2 in the body triggers us to breathe. High CO2 in the air, however, eventually cause us to stop breathing after period of deceased oxygen. This causes brain damage and can cause organ damage.


When did the us economy boom start?

it all started in 1983 when taxes started getting high as hell.


What are three main economic activities iin the US give examples?

The US has a broad economy and has many industries that are essential to the nation. The three main elements within the US economy are defense industries, agriculture activities and high technology industries.


What ultimately led to the to the us economy following the great depression?

Creating more industries was what ultimately led to recovery of the US economy following the Great Depression. This meant that there was a high production capacity with millions of people working.


How does the economy affect junior high students?

It affects everybody, not just a junior high school students...economy is all around us, we cannot "run away" from it. For example, if you are still living with your parents, if the economy is is bad, they will not be as happy as usual, and they might give you less money for your allowance