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tankabanditka [31]
4 years ago
8

Revenue tariff definition

History
1 answer:
Gala2k [10]4 years ago
7 0

Answer:

Explanation:

Tariffs have historically served a key role in the nation's foreign trade policy. Their purpose was to generate revenue for the federal government and also to allow for import substitution industrialization by acting as a protective barrier around infant industries.. ... After 1942 the U.S. promoted worldwide free trade. a tariff imposed principally to raise government revenue rather than to protect domestic industries.

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