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What are the disadvantages of tariffs 2024?
Tariffs
Tariffs Tariffs
Questioner:Cole Martinez 2023-05-07 14:54:15
The most authoritative answer in 2024
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Ava Nguyen——Studied at Massachusetts Institute of Technology (MIT), Lives in Cambridge, MA
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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