T
Tariff
Topic
A tariff is a duty or tax imposed by a national government or customs territory on the import or export of goods. It serves as both a source of revenue for the state and a tool for trade policy designed to protect domestic industries by making foreign products more expensive.
What experts have said about Tariff
1 statement · 1 negative
Tariffs undermine comparative advantage and make goods more expensive.
“And then set up all these tariffs which undermine the divisional labor by comparative advantage which makes everything more expensive.”
Open the episode · Charles & Chase Koch on How They Quietly Built a $150B EmpireListen at 1:28:06
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