The government might impose a tariff to raise revenue or protect domestic interests. Whatever the purpose of the tariff, economists say much of its cost is passed through to domestic producers and ...

The idea is that if foreign materials and products are more expensive, you’ll buy more domestic goods. Suppose, for example, that the U.S. government levied a new 10% tariff on cars imported ...

Although tariffs are a bane to most economists, they are a widely used as a tool for regulating international trade and for shielding domestic industries from foreign competition. At the simplest ...

They also allow the president to impose tariffs if domestic industries are “seriously injured” by import competition, even if there is no alleged foul play. Many presidents have exercised ...

Tariffs can serve a number of purposes. They may be used "to raise revenue, protect domestic industries, or exert political leverage over another country," said Investopedia. "By making foreign ...

"A protective tariff increases the price of imported goods relative to domestic goods, encouraging consumers to buy from local producers, who are thus “protected” from foreign competition.

Although tariffs are a bane to most economists, they are a widely used as a tool for regulating international trade and for shielding domestic industries from foreign competition. At the simplest ...