How would a tariff on foreign goods affect the national economy?

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asked Jun 6, 2020 45.0k views

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Pankaj Wanjari · Answer 1 · 2020-06-11T18:40:09+0000

Answer:

Trade barriers such as 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.

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How would a tariff on foreign goods affect the national economy?

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