Would it be possible to eliminate all tariffs in our world?
Tariffs are taxes placed on imports. They are used to protect American manufacturers. If foreign goo Show more Tariffs are taxes placed on imports. They are used to protect American manufacturers. If foreign goods are cheaper then a tariff can be used to raise the price so people will buy American-made products instead. If other countries place tariffs on our goods we can use a tariff to retaliate. Should tariffs be used to protect American-made products from foreign competition? Why or why not? Why are some foreign products cheaper than American-made products? Is it proper for the United States to use the tariff to punish foreign producers? Would it be possible to eliminate all tariffs in our world? Why or why not? Show less
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