Question

This is a tax on imported goods designed to prevent domestic companies from having to compete with foreign goods of lower price or superior quality.

Answer 1

Protective tariff

Step-by-step explanation:

The collection of the tariff occurs when a good arrives in a customs territory different from the country of origin of the merchandise.

It has two purposes:

• Protective purpose: it aims to protect goods produced in the country itself that may be affected by the importation of certain similar products, that is, to protect national products against foreign competition that produces goods at lower prices. It is intended to increase the price of imported products so that they are less competitive in relation to the national products of a country.
• Collection purpose: Its collection implies an increase in the income of the State.

Answer 2

Protective tariff is a tax on imported goods designed to prevent domestic companies from having to compete with foreign goods of lower or superior quality.