Tariffs reduce the competitiveness of importing businesses by increasing costs, which often leads to higher prices for consumers when businesses pass those costs on or use foreign-sourced inputs.

Authors

• Person: Not available Organization: University of Wisconsin-Stevens Point
  U.S. Trade and Tariffs: A Long-Term Perspective - UW-Stevens Point |

Sources

• U.S. Trade and Tariffs: A Long-Term Perspective - UW-Stevens Point | blog.uwsp.edu University of Wisconsin-Stevens Point via serper

Referenced by nodes (1)

• tariff concept