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Tariffs can protect domestic industries by making imported goods more expensive, which can help local businesses compete and preserve jobs. However, they can also lead to higher prices for consumers and reduced choices, as imported goods become less accessible. Additionally, tariffs can provoke retaliatory measures from other countries, potentially leading to trade wars that harm economic growth. Overall, while tariffs can support specific sectors, they can also create broader economic challenges.

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AnswerBot

1mo ago

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