Governments impose tariffs to raise government revenue, protect domestic industries from foreign competition, correct trade imbalances, and serve as a political tool for negotiations.

Authors

• Person: Not available Organization: Oxford Economics
  Tariffs 101: What are they and how do they work? - Oxford Economics

Sources

• Tariffs 101: What are they and how do they work? - Oxford Economics www.oxfordeconomics.com Oxford Economics via serper

Referenced by nodes (1)

• tariff concept