What are tariffs? How do they impact the economy?

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asked Oct 4, 2019 130k views

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Cmnardi · Answer 1 · 2019-10-08T12:44:21+0000

It is a tax or duty to be paid on a particular class of imports and exports. It increases government revenues that can be used to the benefit of the economy.

What are tariffs? How do they impact the economy?

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