answersLogoWhite

0

What else can I help you with?

Related Questions

Did New Hampshire tried to nullify laws raising tariffs?

no


What are tariffs for?

Tariffs are fees or taxes collected on imported goods. They serve as a source of revenue and also have the effect of raising the prices of such imported goods thus making similar internally produced goods more attractive . They also tend to decrease the overall volume of the imports to which the tariffs are applied and this may help with a balance of payments problem.


What are 'tariffs'?

Tariffs are fees or taxes collected on imported goods. They serve as a source of revenue and also have the effect of raising the prices of such imported goods thus making similar internally produced goods more attractive . They also tend to decrease the overall volume of the imports to which the tariffs are applied and this may help with a balance of payments problem.


What purposes do tariffs serve?

Tariffs are fees or taxes collected on imported goods. They serve as a source of revenue and also have the effect of raising the prices of such imported goods thus making similar internally produced goods more attractive . They also tend to decrease the overall volume of the imports to which the tariffs are applied and this may help with a balance of payments problem.


What were two purposes of tariffs?

Raising money for the government. Encouraging the growth of American industry.


What encouraged Americans to buy America made goods?

Protective tariffs


Did Thomas Jefferson and James Madison support raising tariffs to protect American industry from foreign competition?

Yes they did.


Thomas Jefferson and James Madison supported raising tariffs to protect American industry from foreign competition.?

true


What does imposing tariffs mean?

A tariff is a tax paid on goods brought into a colony or country; tariffs protect internal production by raising the price of imported goods.


What is a revenue bill?

a new law proposed to increase federal income taxes


How would high tarriffs help america?

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.


Why are there tariffs on imports?

Tariffs are usually a form of punishment towards anther country. When the Chinese joined the Nazis for example America put a tariff on oil.