Question

what are reason countries give for imposing tariffs since covid pandemic?

what are reason countries give for imposing tariffs since covid pandemic?

Homework Answers

Answer #1

Some of the reasons that countries give due to imposition of tariffs include

1) Protecting the domestic industry as it is already in a down turn

2) Without Tariffs, unemployment can increase due to more people preferring foreign goods

3) this allows arrival countries to take over the industries and increase their investments of the domestic country is a result of which country can be dependent on foreign goods.

4) in order to redirect the private consumption towards the investment of the sectors, tariffs are imposed.

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