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What are the disadvantages of the use of tariffs 2024?
Tariffs
Tariffs Tariffs
Questioner:James Martinez 2023-05-07 14:46:07
The most authoritative answer in 2024
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Charlotte Bailey——Studied at the University of Tokyo, Lives in Tokyo, Japan.
It raises the price of an imported good, making it more expensive than similar domestic goods. The idea is to increase demand for domestic products while reducing the volume of imports.
Tariffs also provide a source of revenue for the country levying them.
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