Question

What was one long-term effect of high u.s tariffs?

A) European nations increased trade with the united states
B) The global economy declined because of lowered trade
C) U.S manufacturers reached new markets in Europe and Asia
or
D) Consumers began buying fewer domestically- made goods ???

Answer 1

The second alternative is correct (B).

Countries usually adopt customs tariffs to protect domestic producers from foreign competition. However, in the long term, this policy has proved to be inefficient, because by inhibiting competition, this policy encourages production models that are inefficient and deprives consumers of access to goods and services at a lower cost.

Consequently, nations lose the market they could achieve if there were free trade. Thus, international trade between countries tends to decline.

Answer 2

One long term effect of high U.S. tariffs is the global economy declined because of lowered trade. The correct answer is B.