At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Get immediate and reliable answers to your questions from a community of experienced experts on our platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

How did high traffic damage the U.S economy

Sagot :

Answer:

Historical evidence shows that tariffs raise prices and reduce available quantities of goods and services for U.S. businesses and consumers, which results in lower income, reduced employment, and lower economic output. Tariffs could reduce U.S. output through a few channels.

Tariffs Raise Prices and Reduce Economic Growth