The increased production and higher price lead to
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Posted On: 05/21/2022 6:55:37 PM
The increased production and higher price lead to domestic increases in employment and consumer spending. The tariffs also increase government revenues that can be used to the benefit of the economy.
One of the most popular reasons for implementing trade restrictions, such as tariffs, quotas, and embargoes, is that they can help protect companies and workers in a domestic economy from foreign competition and cheap foreign labor
The tariff eliminates the unemployment or adjustment costs that would have been incurred in the absence of protection.
Remember how good the economy was with Trump How is it now
One of the most popular reasons for implementing trade restrictions, such as tariffs, quotas, and embargoes, is that they can help protect companies and workers in a domestic economy from foreign competition and cheap foreign labor
The tariff eliminates the unemployment or adjustment costs that would have been incurred in the absence of protection.
Remember how good the economy was with Trump How is it now
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