Question

Who is protected by tariffs? By Henry Hazlitt

Write 6 sentence about it.

Answer 1

“Who’s “Protected” by Tariffs?”-- Henry Hazlitt’s explains why protectionism and tariffs can never make a country better off, and rather usually make the protectionist country worse off, on net. The effect of a tariff makes the industries in which the Americans are comparatively inefficient larger, and the industries in which Americans are comparatively efficient smaller. Thus due to tariff, the average productivity of American labor and capital is reduced. Thus reduces American efficiency, and also decreases efficiency in the countries with which we would otherwise have traded more largely.