Trade as
barriers in the increased production in US and
unemployment -
Tariffs as one of the Trade barriers, lead to increase in the
prices of raw materials being imported and creates reduced
availability of goods and services. This further leads to lower net
income, less number of employment and low output
The other impact of tariff would be lower GDP of the US. This
further has impact on production and employment
Tariffs also lead to less progressive tax code in US as
increase tax overlay would impact lower and middle income earning
group badly
Increased and range of tariffs lead to competition among the
imported goods, which acts as threat to domestic industries. This
threat may lead to kayoff of workers