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Tariffs, or taxes on foreign imports, can be helpful to a country's economy by blocking competition from other countries. However, often when one country places a tariff on foreign goods, the country places its own tariff on the first country. Tariffs are not appreciated by the country on which it is being placed.

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12y ago
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Anath Michel

Lvl 4
2y ago

Tariffs, or taxes on foreign imports, can be helpful to a country's economy by blocking competition from other countries

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Q: What are the positive and negative effects of tariffs?
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