Why are tariffs imposed?
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A tariff is a tax or duty imposed by one nation on the imported goods or services of another nation....
Tariffs are generally imposed for one of four reasons:
✍To protect newly established domestic industries from foreign competition.
✍To protect aging and inefficient domestic industries from foreign competition.
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Answer:
a tariff is a tax or duty imposed
Explanation:
by one nation on the imported goods or services of another nation
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