2 years ago

How does the government in the US and in other countries try to protect Industries

History

1 answer:

xenn [34]2 years ago

4 0

Answer:

By creating a Tariff.

Explanation:

A Tariff is additional set of expense that the companies from foreign country need to pay before they can sell their products into our local market.

By imposing this Tariffs, the foreign companies will be forced to increase the price of their product to maintain their profit. When this happen, the customers will be less interested to buying their product and develop a stronger preference to the product created by local businesses. This will very much help the local industries.

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