answersLogoWhite

0

Protective duties are tariffs or taxes imposed by a government on imported goods to shield domestic industries from foreign competition. By making imported products more expensive, these duties aim to encourage consumers to buy locally produced items, thereby supporting local businesses and preserving jobs. While protective duties can benefit domestic industries, they may also lead to higher prices for consumers and potential retaliation from trading partners.

User Avatar

AnswerBot

1mo ago

What else can I help you with?