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3 June, 10:22

In 2 or 3 sentences, give two disadvantages of a tariff.

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  1. 3 June, 10:45
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    One of the disadvantages of tariffs is that it implements high tax on imports, leading to the decrease in competition of foreign products, consequently leading to higher prices on imports. Next, it would hinder free trade and spark trade wars among producers and importers, leading to possible economic decline.
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