How would high tarriffs help america?

Answer 1

Tariffs are fees placed on imported goods. This fee raises the price of such goods and makes domestic goods more competitive in regards to price. A high tariff accentuates the effect. The tariff also tends to reduce the quantity of imported goods and affects the balance of trade. Whether or not such tariffs are helpful to America depends on conditions. Tariffs do raise money for the government but foreign governments can impose tariffs too and American exports may decrease so the balance of trade may not improve. In the past, tariffs have helped parts of the country while hurting other parts.

Answer 2

Overall, high tariffs would no doubt hurt America . Tariffs can produce revenue.

Also, by raising the cost of imported goods, they increase the demand for American products which may benefit the domestic economy. However, if America puts tariffs into place, foreign countries would most likely retaliate by putting tariffs on American products thereby reducing exports and harming producers of exported products . Also, there may not be an adequate domestic source for some of things that are exported, so people would continue to import them, but their price would go up and more American money would flow overseas.

Answer 3

Higher tariffs are generally bad for everybody except the protected industry. For example, high tariffs on sugar prevent producers in other nations from selling their sugar here, and cause consumers here to pay higher prices. The only people who benefit are domestic sugar makers.

High tariffs on several products will depress the economy, hurting most people for the benefit of a favored few. The owners of the protected industries will pay large campaign contributions to legislators to support retaining or even raising tariffs, but the injured consumers don't generally give money to the politicians - even if they knew which politicians to bribe... excuse me, "donate to the campaigns of".