Question

What are tariffs? What are some of the harmful effects of tariffs?

Answer 1

a tariff is a tax on goods that are either exported. tariffs can limit trading which can be harmful since having a high tariff rate would discourage other countries to trade with you, not allowing for any forigen income to flow in.

Answer 2

A tariff is a tax on exported goods, if a tariff is too high then it will increase the cost of the item so the people who are buying have to pay more.