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Protective tariffs are taxes imposed by the U.S. government on imported goods to encourage domestic production by making foreign products more expensive. This policy aims to protect American industries from foreign competition, support local jobs, and promote economic growth. However, while protective tariffs can benefit certain sectors, they may also lead to higher prices for consumers and potential retaliation from trade partners. Overall, they play a significant role in shaping trade policies and economic strategies in American industry.

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1w ago

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