asked 55.1k views
3 votes
Define protective tariffs

asked
User Darkmage
by
7.5k points

1 Answer

0 votes
Protective tariffs are tariffs that are enacted with the aim of protecting a domestic industry. Tariffs are also imposed in order to raise government revenue, or to reduce an undesirable activity.
protective tariff. A duty imposed on imports to raise their price, making them less attractive to consumers and thus protecting domestic industries from foreign competition.
answered
User BinaryBigInt
by
8.1k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.