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24 May, 14:49

Why would a country use Tariffs

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  1. 24 May, 17:43
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    There are various reasons a country choose to use tariffs like protection for nascent industries, national defense purposes, combating aggressive trade policies, and environmental reasons (are common examples).

    A tariff is meant to alter the balance of trade between the tariff-imposing country and its international trading partners (a tax imposed by a governing authority on goods/services entering/leaving the country focused on a specified industry/product).
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