Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Our platform connects you with professionals ready to provide precise answers to all your questions in various areas of expertise. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

What is the purpose of tariff?

Sagot :

Answer:

A tariff is a tax on imports, often known as a duty or a trade barrier. The purpose of a tariff is generally to protect domestic production and jobs, though economists say other domestic sectors and customers ultimately pay for tariffs. The U.S. has applied tariffs on imports for centuries, but until Trump launched his China tariffs in 2018, the global trend had been toward lower tariff rates,

Explanation: