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encouraged merchants to import by reducing or eliminating tariff rates.

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Related Questions

How did Underwood tariff affect important goods?

encouraged merchants to import by reducing or eliminating tariff rates.


How did Underwood tarrif affect imported goods?

The Underwood Tariff, enacted in 1913, significantly reduced tariff rates on imported goods, lowering them from an average of about 40% to around 25%. This reduction aimed to promote competition and lower prices for consumers by making imported products more accessible. As a result, it encouraged increased imports and fostered a more open trade environment in the United States. The tariff also included a provision for a federal income tax to compensate for lost revenue, reflecting a shift in fiscal policy.


Why were merchants in the east in favor of a tariff of a tariff on imported manufactured goods?

It increased the demand for American goods because the tariff made the imported goods more expensive.


How did tarrif affect prices of imported goods?

A tariff is a tax set on imported goods.It raises the price of said goods, in order to protect local businesses.


Which words describes a tax paid on imported goods?

Tariff best describes a tax paid on imported goods.


How did tariffs affect imported goods?

encouraged merchants to import by reducing or eliminating tariff rates.


A tax on imported goods?

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What is a mean tariff?

A tariff is a tax or fee on imported and exported goods


A tax on imported goods are called?

A tariff


Tariff of 1833?

tax on imported goods


What is a tariff tax charged on?

imported goods


What was the law for a tax on imported goods?

A Tariff