Tariffs
A tariff is a tax imposed by a government on imported goods. Its purpose is to make foreign products more expensive, encouraging consumers to buy domestic goods instead. Tariffs can help protect local industries from foreign competition and generate revenue for the government. However, they may also lead to higher prices for consumers and potential trade disputes with other countries. Overall, tariffs are a tool used in international trade policy to influence economic behavior and protect national interests.
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Tariffs are taxes imposed by a government on imported goods. Their primary purpose is to make foreign products more expensive, encouraging consumers to buy domestic products instead. This can protect local industries and jobs but might also lead to higher prices for consumers. Tariffs can affect the economy, trade relations between countries, and the overall availability of goods. They are often used strategically in trade negotiations to promote national interests or to respond to unfair pricing practices by other countries.