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   Why do countries impose tariffs?

   • A tariff is a tax imposed by one country on the goods and services imported from another country to influence it, raise revenues, or protect competitive advantages. Governments impose tariffs to raise revenue, protect domestic industries, or exert political leverage over another country.

   What Is a Tariff and Why Are They Important? - Investopedia

   www.investopedia.com/terms/t/tariff.asp

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   Are tariffs Good or bad?

   • To the individual actor, the logical choice is to do whatever saves the most money. But those individual decisions add up to collective economic, political, and societal harms. To the extent that tariffs combat those harms, they accordingly bring collective benefits.

   Economists Aren’t Telling the Whole Truth About Tariffs - The Atlantic

   www.theatlantic.com/politics/archive/2024/09/economic-arguments-tariffs-trump/680015/

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   Do tariffs really work?

   • Economists have grown increasingly cool to tariffs. If carefully implemented, they occasionally yield positive results for vulnerable domestic industries, Golara acknowledged. But most view tariffs as ineffective and outdated tools to correct a country’s growing trade imbalance.

   Are tariffs good or bad for the economy? Research says they can be bad

   news.gsu.edu/2024/10/15/are-tariffs-good-or-bad-for-the-economy/

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   Do tariffs harm domestic consumers?

   • In today’s global economy, many products bought by consumers have parts from other countries or were assembled overseas. As a result, tariffs can also affect products made in the home country. Many economists, however, argue that tariffs create market distortions that can actually harm domestic consumers over time.

   What Are Tariffs, and How Do They Affect You? - Investopedia

   www.investopedia.com/news/what-are-tariffs-and-how-do-they-affect-you/

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   How do tariffs affect your business?

   • If you are a domestic producer, tariffs can help you by making your goods cheaper compared to international goods, thus helping your business. If you export your goods to other countries that impose tariffs, this may reduce the demand for your goods, thus hurting your business.

   What Are Tariffs, and How Do They Affect You? - Investopedia

   www.investopedia.com/news/what-are-tariffs-and-how-do-they-affect-you/

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   Are economists telling the truth about tariffs?

   • In fact, they are precisely the sorts of questions best left to politicians and the voters who elect them. Support for this project was provided by the William and Flora Hewlett Foundation. Oren Cass is the executive director at American Compass and author of The Once and Future Worker. Economists aren’t telling the whole truth about tariffs.

   Economists Aren’t Telling the Whole Truth About Tariffs - The Atlantic

   www.theatlantic.com/politics/archive/2024/09/economic-arguments-tariffs-trump/680015/

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2. news.gsu.edu › 2024/10/15 › are-tariffs-good-or-badAre tariffs good or bad for the economy? Research says they ...

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   Oct 15, 2024 · But most view tariffs as ineffective and outdated tools to correct a country’s growing trade imbalance. This has led some to warn that tariffs typically end up harming the exporting country but also consumers and businesses from the importing nation. Two recent tariffs, imposed in the pre-Trump era, support those findings.

3. www.investors.com › news › economyWhat Is A Tariff, Who Pays And What Are The Impacts ...

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   Nov 25, 2020 · The purpose of a tariff, which a government imposes to raise the cost of a particular import, is to limit or reduce the amount of that good imported into the country.

4. www.theatlantic.com › politics › archiveEconomists Aren’t Telling the Whole Truth About Tariffs - The ...

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   Sep 25, 2024 · To be clear, tariffs do impose costs that are not captured as revenue. One of these is what economists call “deadweight loss,” created when resources are used less efficiently than they could be.

   • Author: Oren Cass

5. Videos

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     What is a Tariff? How do Tariffs Work?

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6. www.investopedia.com › terms › tWhat Is a Tariff and Why Are They Important? - Investopedia

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   Apr 1, 2024 · Key Takeaways. Governments impose tariffs to raise revenue, protect domestic industries, or exert political leverage over another country. Tariffs often result in unwanted side effects, such as...

7. www.nbcnews.com › business › economyWhat tariffs do and why economists don't like them - NBC News

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   Oct 21, 2024 · A paper the following year from the New York Federal Reserve found Trump’s tariffs and other protectionist trade policies cost U.S. consumers $1.4 billion each month. “Tariffs were almost ...

8. www.investopedia.com › news › what-are-tariffs-andWhat Are Tariffs and How Do They Affect You? - Investopedia

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   Oct 18, 2024 · Key Takeaways. Tariffs are duties on imports imposed by governments to raise revenue, protect domestic industries, or exert political leverage over another country. Tariffs often result in...

9. phys.org › news › 2024-10-tariffs-good-bad-economyAre tariffs good or bad for the economy? Research says they ...

   phys.org › news › 2024-10-tariffs-good-bad-economy

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   Oct 16, 2024 · While tariffs may provide short-term relief, and perhaps a psychological lift to the public, they prevent companies from addressing the problems that led to market inequities in the first place...