Question

Are Trade Tariffs good for Economy

Answer 1

Solution -

No

Reason -

Economists agree that free trade increases financial incomes and income levels, and on the contrary, trade barriers will reduce economic yield and earnings. Historical evidence shows that prices increase due to prices and reduce the amount of goods and services available to US businesses and consumers. Low income, low employment and low financial product

Tariffs through some channels to the US Can reduce output. One possibility is that a rate can be applied to producers and consumers in the form of high prices. The tariff can increase the price of the content and content, so that the use of those items will increase the prices of goods and reduce the production of private sector.

so Trade Tariffs not Good for Economy.