Tariffs provide benefits to domestic producers by shielding them from international competition, which allows those producers to maintain higher prices and secure local market dominance.

Authors

• Person: Not available Organization: ERC Council
  Tariffs and Protectionism - Economic Research Council

Sources

• Tariffs and Protectionism - Economic Research Council ercouncil.org ERC Council via serper

Referenced by nodes (1)

• tariff concept