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What is a tax on goods brought into the country (designed to protect home industries)?

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User Sekky
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2 Answers

2 votes
a tariff is a tax added to the price of imported goods
it makes goods made in the home country cheaper than foreign ones
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User Tomato
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This is a Protective Tariff. A protective tariff is a tax placed on goods from another country to protect the home industry. A regular tariff is a tax on goods brought into a country.
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User Jonathan Bick
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