Discuss the impact of tariffs on international trade

Discuss the impact of tariffs on international trade

Discuss the impact of tariffs on international trade. Include a discussion of the gains from trade and why nations trade

………………………Answer preview…………………….

Tariffs have both positive and negative impacts. On the positive, they result in increased government revenue when imports enter the domestic market. Domestic industries experience reduced competition as imports will be artificially inflated. They also enjoy higher prices in the market as they are not forced to reduce prices………………….

APA

207 words

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