High tariffs can restrict imports, harm industries dependent on foreign inputs, escalate trade tensions, and provoke retaliatory actions from trading partners, as evidenced by historical episodes such as the Great Depression.

Authors

• Person: Not available Organization: Federal Reserve Bank of Dallas
  U.S. tariff outcomes dependent on trading partner responses

Sources

• U.S. tariff outcomes dependent on trading partner responses www.dallasfed.org Federal Reserve Bank of Dallas via serper

Referenced by nodes (3)

• tariff concept
• imports concept
• Great Depression event