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Yakvenalex [24]
3 years ago
9

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

Business
2 answers:
I am Lyosha [343]3 years ago
7 0
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.
vodka [1.7K]3 years ago
5 0
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.
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