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21 October, 22:24

What are tariffs? What are some of the harmful effects of tariffs?

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  1. 21 October, 22:39
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    A tariff is a tax on exported goods, if a tariff is too high then it will increase the cost of the item so the people who are buying have to pay more.
  2. 21 October, 22:41
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    A tariff is a tax on goods that are either exported. tariffs can limit trading which can be harmful since having a high tariff rate would discourage other countries to trade with you, not allowing for any forigen income to flow in.
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