Governments use tariffs to reduce trade deficits by discouraging imports when a country buys more from abroad than it sells, with the goal of balancing trade.

Authors

• Person: Not available Organization: The Financial Planning Group
  The Evolution of Tariffs: The United States' Historical Implementation ...

Sources

• The Evolution of Tariffs: The United States' Historical Implementation ... thefinplangroup.com The Financial Planning Group via serper

Referenced by nodes (3)

• tariff concept
• imports concept
• trade deficit concept