answersLogoWhite

0

Tariffs can protect domestic industries by making imported goods more expensive, thereby encouraging consumers to buy locally produced products. This protection can help preserve jobs and foster economic growth within a country. Additionally, tariffs can generate revenue for the government, which can be used for public services and infrastructure. However, it's essential to balance these benefits with potential downsides, such as higher prices for consumers and strained international trade relations.

User Avatar

AnswerBot

1mo ago

What else can I help you with?

Related Questions

Are tariffs good or bad?

Yes.


Who favored high tariffs?

Usually politicians talking about "Buying American" or domestic producers who are not as efficient at producing their good as international companies favored high tariffs.


What companies provide good mobile phones and tariffs for business?

The following companies provide good mobile phones and tariffs for business customers: O2, EE (Orange/Tmobile), Virgin, Tesco, AT&T, Vodafone, Three. Verizon.


What is the effect of an import tariffs charged on a particular good?

The price paid by consumers is increased.


What is the plural of the word tariff?

The plural form of the noun 'tariff' is tariffs.


What happened to tariffs during McKinleys presidency?

the tariffs increased:]


Why tariffs were good for the north?

It was because tariffs encouraged people to buy American products meaning it kept factories/companies in business. FYI: The North's economy relied on manufacturing(factories).


Northern and southern Farmer's Alliance had different views on?

protective tariffs - apex


Why did Governor Hayne of The North higher tariffs because tariffs . The South higher tariffs because tariffs South Carolina favor states' rights?

Cjjgjffigvvtgjvgtfvhgy hgggs.


Did Democrats want low tariffs?

No, Democrats Wanted High Tariffs, while Republicans wanted High Tariffs


What was Jackson's view on tariffs?

he really enjoyed licking the tariffs


What are tariffs and how do countries use them?

A: A tariff is a tax that is placed on an imported good, they use tariffs because imported goods have a tax so citizens are more likely to purchase that countries goods for the cheaper price. -BrockChloe