What is the reason the US government imposed the tariff?.

1 answer:

7 0

Tariffs are imposed by governments to generate money, defend home industries, or gain political power over another country. Tariffs frequently have unintended consequences, such as higher consumer pricing.

<h3>What Really Is a Tariff?</h3>

Tariffs are used to impose import restrictions. Simply expressed, they raise the price of foreign-purchased goods and services, making them less appealing to domestic consumers. Tariffs can be used to increase government revenue. This type of tariff is known as a revenue tariff, and it is not intended to limit imports. Political parties' functions include Elections are contested by parties. They proposed policies and programs. Parties play an important role in enacting legislation. Parties form and govern governments.

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