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5 December, 08:23

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

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  1. 5 December, 09:13
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    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.
  2. 5 December, 10:51
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    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.
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