Respuesta :
A levy imposed by the government on imports is known as a tariff. They increase consumer costs, cause imports to fall, and may provoke retaliation from other nations.
What results do tariffs produce?
- Tariffs Increase Costs and Slow Economic Growth
- One potential is that manufacturers and consumers may pay more as a result of a tariff.
- Tariffs may increase the price of components and raw materials, which would drive up the cost of finished items and lower output from the private sector.
- An import tax known as a tariff is imposed with the goals of protecting domestic employment.
- reducing rivalry between domestic industries, and
- raising government revenue.
What are the benefits and drawbacks of tariffs?
Tariffs have long been used to support domestic sectors by encouraging consumers to purchase items made here. However, since the end of World War II, tariffs have generally lost favor in industrialized economies since they frequently result in decreased commerce, increased consumer costs, and international retaliation.
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