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How has the role of tariffs changed over history?

User Reza Jooyandeh
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1 Answer

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22 votes

Answer: Tariff, also called customs duty, tax levied upon goods as they cross national boundaries, usually by the government of the importing country.

Explanation: Tariffs are a way for governments to not only collect revenue but also protect domestic businesses. Tariffs increase the price of imported goods, making domestic goods cheaper in comparison.

User Odony
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