united states
The term is tariff- a charge on imported goods.
PROTECTIVE tariff
to protect prices on american goods
He wanted to protect American manufacturers.
What tariff? The most logical answer, assuming the tariff you speak of is one against foreign sellers, is that the business owners in the north dont have to pay it while their competitors do. Therefore they can sell their wares at cheaper prices and still get the same profit. Thus making them a better, more competitive company.
united states
The McKinley Tariff
The term is tariff- a charge on imported goods.
protective tariff
PROTECTIVE tariff
A PROTECTIVE tariff is intended to artificially inflate prices of imports and protect domestic industries from foreign competition.
a protective tariff is a tariff set by the government that is at least 25% tax, this is supposed to protect our county's economy by taxing all imports.
After the War of 1812, Congress enacted a tariff on goods being imported from other countries. The tariff raised the price on the products coming into the country. This made it easier for American companies to compete for the business of consumers.
Protective tariff... Apex :)
It was a tariff that Congress wanted to pass for high tariffs to protect American industries.
The protective Tariff of 1816 is also known as the Dallas Tariff. It is noteworthy because it marks the first time that congress passed a tariff to protect American manufacturers instead of just to raise money.
The tariff raised the average duty on imports to almost fifty percent, an act designed to protect domestic industries from foreign competition. The McKinley Tariff was replaced with the Wilsonâ??Gorman Tariff Act in 1894, which promptly lowered tariff rates.