How Do Tariffs Protect Domestic Industries?

1.	How Do Tariffs Protect Domestic Industries?
Answer» TARIFFS are essentially taxes or DUTIES PLACED on an imported good or service by a domestic government, making domestic goods CHEAPER for domestic consumers and imported goods more expensive for COMPANIES exporting goods from their industry into the domestic industry. Tariffs are essentially taxes or duties placed on an imported good or service by a domestic government, making domestic goods cheaper for domestic consumers and imported goods more expensive for companies exporting goods from their industry into the domestic industry.

Answer»

TARIFFS are essentially taxes or DUTIES PLACED on an imported good or service by a domestic government, making domestic goods CHEAPER for domestic consumers and imported goods more expensive for COMPANIES exporting goods from their industry into the domestic industry.

Tariffs are essentially taxes or duties placed on an imported good or service by a domestic government, making domestic goods cheaper for domestic consumers and imported goods more expensive for companies exporting goods from their industry into the domestic industry.

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